How to Choose a Credit Union

Some people will only trust a credit union to keep their money because of the instability in the banking industry. There are many benefits associated with using a credit union, which is another reason that makes it a popular choice among consumers.

If you are considering joining a credit union it is important that you choose one that offers the type of benefits that suit your needs.

• Perform a search online to determine which credit unions are in your area. Go to the website of each of the credit unions you have chosen and write down each of the establishments that appeal to you. It is recommended that you make a note of their addresses and telephone numbers in case you have some questions about something that is not listed on their website.


• Compare all the credit unions on the list you have made and mark off the ones that do not appeal to you.


• Call the remaining credit unions on your list and inquire about their interest rates, member eligibility, fees associated with checking and savings accounts, ATM fees, online access to accounts and any other questions you may have.


• Get recommendations from family, friends or coworkers about the credit union they use. It is a good way to determine if you should consider joining. You should not base your decision totally on someone else's experience because all institutions have both happy and unhappy customers.


• Sit down and compare each of the credit unions you have chosen to consider and choose the one that meets your needs.