Do You Belong To A Credit Union? How Long and What Are The Advantages? - AfroChat - African American

Cheese Biscuit · April 11th, 2005, 12:44 AM

I've never belonged to a credit union. Do people generally use credit union funds for car loans or things of that nature?

charliekilothree · April 11th, 2005, 08:32 AM

Yes, car loans, personal loans mortgage loans and other services are offered by credit unions. I have been a member of a credit union since 1978 and I have taken out many loans over the years. I currently have my mortgage through my credit union. Credit unions are member owned so they are much different than banks. Banks are in the business to make money for themselves. They tend to charge you for many of the services that credit unions do free.

mistifying · April 11th, 2005, 01:00 PM

Quote:

Originally Posted by charliekilothree

Yes, car loans, personal loans mortgage loans and other services are offered by credit unions. I have been a member of a credit union since 1978 and I have taken out many loans over the years. I currently have my mortgage through my credit union. Credit unions are member owned so they are much different than banks. Banks are in the business to make money for themselves. They tend to charge you for many of the services that credit unions do free.

Yep CKIII, you hit it on the head. I've been a member of a credit union since 95.

JamieC · April 11th, 2005, 03:53 PM

NOPE!! I work for 'em and the advantage is.. pay your bills on time..if not we'll hunt ya down!! We don't wanna hear a sad story

. If you were bold enough to go out and spend $75.00 for din din at your favorite restaurant, then you can pay your bill.. LOL

And those Credit Counseling places won't work.. They'll charge ya more.!!

charliekilothree · April 11th, 2005, 09:29 PM

Quote:

Originally Posted by JamieC

NOPE!! I work for 'em and the advantage is.. pay your bills on time..if not we'll hunt ya down!! We don't wanna hear a sad story

. If you were bold enough to go out and spend $75.00 for din din at your favorite restaurant, then you can pay your bill.. LOL

And those Credit Counseling places won't work.. They'll charge ya more.!!

And you said I was crazy. LOL

sumthingbetter4u · April 11th, 2005, 09:46 PM

my s /o belongs to a credit union
we've never tried to use them as a line of credit

charliekilothree · April 11th, 2005, 09:52 PM

Quote:

Originally Posted by sumthingbetter4u

my s /o belongs to a credit union
we've never tried to use them as a line of credit

What chu waiting on? LOL

sumthingbetter4u · April 11th, 2005, 11:38 PM

we both don't have good credit has of yet lol

Godssoulja · July 4th, 2005, 02:25 PM

I have an account with the South Carolina Federal Credit Union. I don't make a habbit of buying on credit I prefer to pay cash.

Aqueelah · July 4th, 2005, 03:00 PM

I did for a short while when I was a naive student in Philadelphia (went to Temple Univ. for a year). I was with Philadelphia Federal Credit Union, the operative word here being was. Had a lot of problems with them. Turned me off from becoming a credit union member ever again. Bank One is fine with me.