Q: How do credit unions offer better interest rates on loans than banks?
A: Credit unions are often able to provide better interest rates on loans because they are not for-profit financial institutions, but are member-owned. Credit unions offer loans of many kinds, including auto loans, mortgages, lifestyle loans, personal loans, motorhome, boat and RV loans, and many more. See ECU’s loan selection and apply here.
Credit unions often focus more on their communities than traditional banks since they have a vested interest in the financial health of their membership.
Credit unions offer many of the same conveniences as larger banks like mobile banking, online banking, ATM networks, online bill pay and much more.
Credit unions like Education Credit Union, located in Amarillo, Canyon and Bushland; TX, also offer benefits for educators and teachers in their community.
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