What are peoples opinions on borrowing from Credit Unions (namely CUA) in comparison to banks?
Kind Regards
LesCredit union loans should be considered along with banks. I doubt there are any really significant difference with a major CU and a bank.
The smaller CUs generally focus on consumer lending and their property loans sometimes aren’t as competitive.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I have a credit union I use their rates are a little higher, but their criterior for lending is easier
so I guess it depends on what you are looking for
what interest you the most? interest rates or finding some one who is willing to lend to you.they lend to sole parents, age pensionera, disability pensioners,
good credit rating through to bad credit ratings
nothing is free you have to pay the piperI am not sticking up for the banks guys but the thought struck me : “If Credit Unions are so easy with their lending criteria doesn’t that place their money at a greater risk ?”
In other words, is one’s money on deposit in a Credit Union at greater risk than it would be in a bank ?
Pisces
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