WASHINGTON (7/5/13)--Tucked into the seat-back pockets of its trains going from Washington, D.C. to Boston, Mass.--via New York City--and back, the current Amtrak and Amtrak Acela magazine features an article advising passengers on "Choosing the Right Financial Guru." The first tip of the six offered shines the spotlight on credit unions.
"When it comes to financial advice, there is no one-size fits all expert," the Arrive article says. "Loan officers at the local credit unions offer mortgage services, financial planners make recommendations for investments and retirement accounts, credit counselors establish debt repayment programs, and financial psychologists delve into beliefs about money."
The article highlights: "As nonprofit organizations, credit unions have lower operating costs than big banks, and that can translate to better deals for members" like higher rates on savings and lower fees on services and lower rates on loans than banks.
The article notes that most people are eligible to join a credit union and notes the Credit Union National Associations consumer website, aSmarterchoice.org, as a way to find the right match. CUNA worked with Arrive on the article.