November 06, 2008
In response to this article from MSN Money...there has never been a better time to join a credit union!
MSN Money - Is It Time To Join A Credit Union?
If you live, work, worship, attend school, or volunteer in Indianapolis and the Marion County area, you're eligible to join Financial Center. Learn more on our website at www.fcfcu.com.
Here are some highlights from the article:
"Credit unions largely avoided offering risky mortgages, they are among the few success stories to emerge from the subprime mortgage mess."
"Because they have no stockholders to answer to, credit unions are not pressured to get involved in risky investments such as mortgage-backed securities."
"Credit unions can offer their members a better deal because any extra profits are returned to members in the form of dividends or lower fees after operating expenses and capital reserves are accounted for."