I have an excellent credit score and always make sure I avoid all the potential fees on my bank and credit accounts. Is there a reason someone like me would benefit form banking with a credit union as opposed to a larger bank?
As far as I understand, most of the benefits of credit unions come from the fact that they aren't trying to screw over their customers. But as someone who has a relatively good understanding of how consumer banking and credit cards work, I'm pretty sure that I actually benefit from the fact that banks charge so many fees and higher interest than credit unions, because the money they take from the people who pay those fees is then shared with me in the form of signup bonuses and low interest rates that try to get my business in hopes that I slip up and also have to pay fees or interest.
Basically what I'm asking is whether my understanding of the situation is correct, or if there's some benefit of credit unions that I'm failing to see. Thanks!
Submitted July 22, 2017 at 05:39PM by nitpickyCorrections http://ift.tt/2uTQhTX
