In fact, any profit they make is distributed right back to its members in the form of dividends. Over the life of a loan, this could mean several thousands of dollars in savings. Banks, on the other hand, are in business to make a profit and are, therefore, always looking for new ways to charge fees and change policies to make themselves more profitable. -Credit unions have membership requirements. Some credit unions even have their own private insurance with covers accounts up to $250,000. Many in the banking industry believe they have an unfair competitive advantage and they go out of their way to 20mm 1/2"-2" PVC New Plastic Agricultural Irrigationn UPVC Ball Valve With Yellow Handle Factory point out the disadvantages of credit unions in an attempt to persuade customers to stick with banks. It's summer, the time when many of us think about cruising around the lake or hitting the open road. Banks do not like credit unions. When you join one, you become a member. Credit unions are exempt from most state and federal taxes. They are non-profit organizations. How much can you save on a boat or RV loan? One recent survey shows on average that credit union rates are one to one-and-a-half percent lower than bank rates for boat/RV loans. They can do this because credit unions are owned by their members. The NCUA functions for them much like the FCIC does for banks. They also assess fewer and smaller fees for their services. Credit union ATM access is limited. This is due to their non-profit status, and it represents one reason why they can keep fees lower and offer better rates to members. So, if you're looking for a loan to finance that new boat or RV purchase, remember to check with your credit union for the best rates around. While this is true, virtually anyone can qualify to join based on their place of residence, their employment or other associations they may belong to. They typically offer loan rates that will blow the competition out of the water. If that sounds like you, and you're in the market for a boat or RV, you may want to head to your local credit union for the best rates. This means you are more likely to be treated like a person and receive the type of service you desire. Deposits are backed by the full faith and credit of the federal government, and each account is insured for up to $100,000. They are not insured by the FDIC as banks are. Unlike banks, credit unions are not in the business of trying to show a profit. Credit unions actually have their own insurer, the National Credit Union Administration. This explains why they can pay higher rates on deposits, and charge lower rates on mortgages, auto loans, and boat or RV loans. In truth, most credit unions today offer either access to large networks of ATMs or reimburse members for ATM fees at out-of-network ATMs.

نظرات شما عزیزان:

نام :

آدرس ایمیل:

وب سایت/بلاگ :

متن پیام:

نظر خصوصی

 کد را وارد نمایید:

 

 

 

عکس شما

آپلود عکس دلخواه:

جوک و اس ام اس

قالب های نازترین

زیباترین سایت ایرانی

جدید ترین سایت عکس

نازترین عکسهای ایرانی