What is a credit union and are all credit unions associated with one another?
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Credit unions aren’t as abusive to their customers as Wells Fargo, Citibank, and Chase and Bank of America area. Also, credit unions often pay higher interest rates but none pay worthy rates.
ATMs across all are often compatible. Some charge fees to use other’s ATMs, while others don’t. You can only deposit at your own bank or credit union unless they have agreements, which a few do, but most don’t.
If you don’t know what to use, try a credit union first, then see what a bank will do that they don’t, because it will be an equal or better experience with the credit union.
Most credit unions take new members, even if they aren’t the right type. In the long-ago, banks made it so credit unions had to have a small member base, like employees of marine companies or members of AARP, but now, just ask, and most will let you in or tell you some silly thing to do to get in, like sign up for a free temporary membership and you’re in forever.
Once-a-member-always-a-member.
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