Credit union loan rates also are better. The average credit card interest rate is three and one-half percentage points better at credit unions vs. banks. And credit union auto loans average at least one percentage point less than banks' auto loan rates. Credit unions make consumer loans. Banks offer consumer loans, but really emphasize business loans.
Credit unions educate members about money matters .
Credit unions routinely inform and counsel members about financial matters. They provide publications such as this newsletter to keep you advised of rates, loan sales, and financial trends that affect you. Hawthorne Credit Union stresses education by providing information to help you make informed financial decisions. Many banks simply advertise their rates and sell their services. Credit union members have a voice .