There are several advantages of using a credit union over a traditional bank:
It's important to note that not all credit unions are the same, and the specific advantages may vary from one credit union to another.
Additionally, credit unions are often a part of a larger network of shared branches and ATM networks, which can provide convenient access to banking services even when traveling or living in a different area. Many credit unions also offer online banking services, allowing members to manage their accounts and conduct transactions from the comfort of their own homes.
Overall, the advantages of using a credit union over a traditional bank include customer-focused service, lower fees, higher interest rates, community involvement, member ownership, credit-building opportunities, flexibility in lending, and convenient access to banking services.