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Money and Finances
Reply to "Credit Unions vs Banks - Class trends"
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[quote=Anonymous][quote=Anonymous]Historically credit unions were only available to very specific groups--like employees of a company or government agency. So it makes sense that more members are working class. Now there are a lot of credit unions whose B membership criteria is geographic so maybe it will change. I've kept my Senate FCU membership even though it's been 20 years since I worked on the hill and we live in the mountain west because we've NEVER seen anyone beat their rates. [/quote] That must be the difference. Really low income don’t use banks, the “unbanked” and a lot of union jobs and such would steer working class to credit unions. Surprised more people didn’t switch the CU after GFC.[/quote]
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