loans
 

 loans







 

Question by  BenHutchison (23)

Are credit union loans easier to get?

 
+7

Answer by  DougThomas (74)

"Easier" is a relative term without a qualifier but generally, yes. Credit Unions are typically not for profit organizations where the assets of members (savings, Certificates of Deposit, etc. ) are lent to other members for mortgages, car loans and consumer debt. Finance decisions are often made by a committee and can frequently be appealed to a board.

 
+6

Answer by  flamiss22 (5081)

Credit union loans are not that much different from banks. However some groups like the Teamsters will have guaranteed loans as a part of the membership.

 
+6

Answer by  carrots (156)

I believe it is easier to get a credit union loan because you are a member organization that is industry related. Funds are set aside for their members for loans.

 
+5

Answer by  bonnie56 (359)

Credit Union loans are usually easier to get than loans for other financial institutions. However, you must remember that you must be a member of the credit union in order to be eligible for a loan from them.

 
You have 50 words left!