Coosa Valley Credit Union recently weighed in on the pros of taking out a personal loan through a credit union.
“Credit Unions operate differently from banks,” the credit union asserted in a column that ran in Coosa Valley News. “They are not-for-profit organizations that usually serve a specific community. Being not-for-profit means that credit unions are focused more on helping their members than on answering to stockholders or trying to boost profits for the sole benefit of the bank.”
The column discussed three reasons consumers should consider credit unions for a personal loan, including friendly service and community focus, competitive interest rates and more loan options.