It used to be that you had to be some kind of elite member of an organization to join a credit union.
Now, it seems, most of them are expanding eligibility so even if you're the cousin of a guy who used to live in the house owned by the brother of a woman whose grandfather's uncle fought in, or was alive during, The Great War, you can be a member.
When I sold my home in the country, we put the proceeds in a savings account in my bank. For a few months, I watched as a tiny amount of money was credited monthly as "interest", so I decided to look at other options. My local Teacher's Credit Union (my daughter worked there, so she got me a membership) had a very flexible Money Market account that seemed to offer much better rates.
I moved the money, and watched as, each month, REAL MONEY was being credited to my account!
Do you belong to a credit union? Should you?
Now, it seems, most of them are expanding eligibility so even if you're the cousin of a guy who used to live in the house owned by the brother of a woman whose grandfather's uncle fought in, or was alive during, The Great War, you can be a member.
When I sold my home in the country, we put the proceeds in a savings account in my bank. For a few months, I watched as a tiny amount of money was credited monthly as "interest", so I decided to look at other options. My local Teacher's Credit Union (my daughter worked there, so she got me a membership) had a very flexible Money Market account that seemed to offer much better rates.
I moved the money, and watched as, each month, REAL MONEY was being credited to my account!
Do you belong to a credit union? Should you?
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