NEW YORK (11/25/08)--Credit union advantages were the focus of an article Sunday in Newsday
, which noted that credit unions are a "viable alternative to a traditional bank" as credit begins to dry up elsewhere. Newsday
listed the advantages:
* Better rates on loans and savings at credit unions; * Cheaper banking with free checking and lower fees; * Convenience through ATM networks and online banking; * More personal loans and payday-alternative loans at lower rates than payday lenders; * Mortgage loans with lower closing costs; and * Better rates on new-car loans.
The article also appeared in the Allentown Morning Call