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SmallSpoonBrigade
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Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "Are credit unions better than big banks?" video.
You should be careful. Many megabanks have fees that apply if you don't have a high balance or a direct deposit set up. Not to mention the fact that they love fees in general and so it becomes another thing that you absolutely have to check regularly.
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It's worth noting that the situation with apps and technology at credit unions varies a bit, but the ones I'm a member of have improved drastically over the last few years. It's also worth checking out all the local credit unions that you qualify for as various credit unions return money to their members in different ways. Some have higher interest rates and higher fees whereas some others have lower fees and lower interest rates on deposits.
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@Thingsyourollup I've been a member of a few CUs over the years and it seems like the criteria for joining have been broadened at all of them over the years. All of mine used to require being an employee or family member of a given company, but all of them now accept that you just live in the region. That being said, if you don't live in the area, you probably wouldn't want to join anyways as you'd constantly be doing business with a different CU.
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