Question for people in the USA: why would someone want to use a regular bank rather than a credit union for personal banking? Am I missing something?
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Jerry Bell :bell: :llama: :verified_paw: :verified_dragon: :rebelverified: (jerry@infosec.exchange)'s status on Thursday, 19-Oct-2023 02:45:12 JST Jerry Bell :bell: :llama: :verified_paw: :verified_dragon: :rebelverified: -
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nathans@infosec ~ $ :blinkingcursor: (nathans@infosec.exchange)'s status on Thursday, 19-Oct-2023 02:45:12 JST nathans@infosec ~ $ :blinkingcursor: @jerry As someone who has been banking with a credit union for years and now works at one, I don't see any reason to use a traditional bank. You can do anything at a credit union that you can at a bank. In my experience you get better interest rates for checking and savings accounts and loans at a credit union. And if you're worried about having access to your accounts if you travel out of the area, thanks to Shared Branching, you can go into most other credit unions and still access your accounts. You just need to tell them who your credit union is and your account number, and they can pull it up. And if you need to use an ATM while traveling, you just need to find a Co-Op ATM (my credit union has a way to look these up in the app) and then there is no fee to use it.
My guess would be that the biggest reason credit unions are not more popular is just a lack of knowledge about them. Either that or people have misconceptions about them. People see that banks are bigger and just assume that means they are better
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