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MoneyTalksNews Video Touts the Pros of Joining a CU
Friday, March 13, 2015 6:30 AM

In a new video from MoneyTalksNews (March 11), founder Stacy Johnson visited BrightStar Credit Union, located in Fort Lauderdale, Florida, to check out the pros and cons of credit unions.

In the video, Johnson notes that credit unions pay more on savings and charge less on loans, are flexible in lending, offer free checking, and no or lower fees.

He also said credit unions have member eligibility requirements, fewer perks on credit cards because they don't charge higher interest rates, and fewer online services; but he advised consumers to find a credit union via the website and putting "credit union" in its search function.

Johnson's report follows along the lines of the article, "12 Reasons to Drop Your Bank and Join a Credit Union." The article says that "depending on your needs, moving to a credit union could save you some serious money." Among the reasons to join a credit union: credit unions have better service, more personal relationships, expanding membership options and higher rates on insured savings.

Watch the video here.