Credit Unions Provide Billions in Benefits to Members (and Everyone Else Too)

American consumers benefit to the tune of $8.5 billion due to credit unions’ presence in the marketplace.

And the nation’s 98 million credit union members received $6.1 billion in benefits during the year ended Sept. 30, 2013, in the form of lower loan rates, higher dividends, and fewer and lower fees.

That’s the word from CUNA’s Membership Benefits Report, which compares credit unions’ rates and fees to those of banks nationally and locally, and calculates the dollar amount members save as a result.

Read the full article at Credit Union Magazine