Williams now is considering applying for a used car loan through the credit union. A variety of rewards Unlike banks, credit unions often pass their savings on to members. Some credit unions offer reduced fees on checking accounts to members who use direct deposit for their paychecks. Other credit unions reward members with lower interest rates on loans if borrowers set up payroll deductions to make the loan payments. While incentives to join a credit union can be tempting, the final decision often lies in a person's daily banking behavior.
Most credit unions charge members to use their automated teller machines to cover maintenance costs.
Likewise, most credit unions don't have large ATM networks, although a number of credit unions are forming no-surcharge alliances among themselves. Some people will look beyond the lack of ATMs, just to have the better savings and credit card rates. In good times , credit unions share the wealth. Credit unions lose membership battle with banks. Credit unions post a win in Congress .