I think Credit Unions generally offer better service and value for your money than For-Profit institutions. However, the lower fees do lead to lower fringe benefits than other institutions offer. For instance, some Credit Card companies now offer rewards cards that make deposits into Roth IRA Brokerage accounts, and debit cards with round-up options on the debit side that make managing accounts easier. I also see Credit Unions have less of a 'Thirsty' culture. They aren't as likely to suggest things that will benefit you in the long run. I just don't see the effort at cultivating relationships most people need over time. However, if you are looking for an institution that is a solid financial move and aren't concerned with thrills the benefits of a Credit Union vastly outweigh their drawbacks.
hinesbrad1 karma
I think Credit Unions generally offer better service and value for your money than For-Profit institutions. However, the lower fees do lead to lower fringe benefits than other institutions offer. For instance, some Credit Card companies now offer rewards cards that make deposits into Roth IRA Brokerage accounts, and debit cards with round-up options on the debit side that make managing accounts easier. I also see Credit Unions have less of a 'Thirsty' culture. They aren't as likely to suggest things that will benefit you in the long run. I just don't see the effort at cultivating relationships most people need over time. However, if you are looking for an institution that is a solid financial move and aren't concerned with thrills the benefits of a Credit Union vastly outweigh their drawbacks.
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