How Do You Join A Credit Union Online?
Credit Unions are pretty much non-profit banks, and just like banks, their checking and savings accounts are insured by the federal government up to $250,000. Unlike banks, though, credit unions have managed to avoid most of the turmoil that is shaking up the entire financial industry. And because they are non-profits, they can sometimes offer better rates on loans and mortgages, higher interest on savings and checking accounts, and lower fees on services and credit cards than commercial banks. Here’s how to join a credit union. Step 1 **Understand Membership** Credit unions have traditionally been a member-only type of organization. You had to belong to a particular group — a union, a company, a church — in order to be a member of a particular credit union. While this is still true, credit union membership rules have been relaxed in recent years, and it is now possible to join a credit union simply for knowing someone who is a member, or for living in a particular area. Odds are, th
