The news lately seems to be “all about credit unions†but what exactly makes a credit union so special and what should members look for before they join?
Weiss Ratings, an independent US financial institution ratings agency said that the country’s credit unions boosted deposits by 5.2% last year and experienced an overall increase of 29.6% in deposits before the financial crisis erupted in 2007.
“Credit unions have enjoyed renewed interest from consumers who are shunning banks and the plethora of new fees that have been imposed on many traditional banking services,” said Gene Kirsch, Weiss Ratings senior financial analyst in April.
