The interest rates are usually cheaper and it's a little easier to obtain credit if you are a member. Credit Unions are usually ran by local companies vs. most banks being corperate owned.
All of the profits in Credit Unions are returned to members (everyone with a share account) in lower rates on loans and higher rates on dividen balances. Credit Union get 7-8% of their income from...
Generally speaking, Credit Unions have lower interest rates on loans and credit cards, and higher interest rates on deposits (Savings, CDs, etc) compared to Banks. On the down side, they are usually...