Anonymous wrote:Credit Unions tend to be community oriented and have less predatory lending practices like the regular banks. They tend to offer lower rates on loans than the banks.

During the recent government furough, some large Credit Unions proposed to do workouts with the government employees until they got back on their feet.

that has not been my experience. When I purchased in 2012, I shopped around, and the credit unions had higher interest rates. They have higher rates partly because they do hold the loans and they are more risk-averse than other banks.

My husband had purchased a house with a credit union before we married. They were slow to process the loan. You really have to keep on top of them.