ALEXANDRIA, Va. (1/28/10)-- The National Credit Union Administration (NCUA) yesterday posted a press release highlighting the latest results from DATATRAC, Inc., which showed credit unions posted more favorable rates for consumers than banks in 21 of 23 loan and savings categories. DATATRAC, Inc., whose information is featured daily on the Credit Union National Association website, is a company that tracks rates charged and paid by credit unions, banks, and credit unions that converted to or merged with banks. DATATRAC revealed that at year-end 2009, credit unions on average provided significantly lower rates on all consumer loan types and provided higher yields on all savings products. Credit unions also posted lower average adjustable rate mortgage rates. In the two fixed-rate mortgage product categories (15- and 30-year loans), bank averages were minimally lower by two to three basis points. The NCUA also pointed out that credit unions also posted better results in 22 of 23 categories than the 28 banks that converted from credit unions, merged with credit unions, or merged with former credit unions. Average rates at these converted institutions generally fell between credit union averages and the other bank averages. The converted institution rates on fixed rate mortgages, however, were higher than both credit union and all-bank averages. Use the link below to see more DATATRAC, Inc. results.