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I just took a new where there is a credit union for the employees and have been urged to join. What are the benefits for me?

Many Credit Unions don’t have the full range of services that a bank may have, but sometimes that’s a good thing. By having fewer products and lower costs, credit unions are able to charge lower rates for loans and pay higher rates on deposits. If you are thinking of buying a home or a car in your new location you may get a better deal by joining your credit union. You can always have an account with the credit union and still have an account at a traditional bank if that’s what you are used to or you need some of the services provided by the bank that are not offered at the credit union.

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