Credit Union or Bank

[CDAgirlMI 51]

Hi,

I moved to the US end of last year. I was added to my husband's (fiance then) account. It's a credit union an hour away(where he used to live).

Now we want to put our money in an account somewhere closer to home.

We're trying to figure out whether to stay with a credit union or go to a bank. I know the difference between the 2. My husband prefers the credit union. Personally, something makes me feel more secure dealing with a bank than a little credit union(even with the issues banks are having).

I know banks are FDIC insured. This credit union is insured under NCUA.

Can anyone give advice? Without being biased to what I said above

Thanks!!

[Otto 83]

Not to pry but are we talking large amount(s) of money?

[Darnell 8,478]

I like both.

I use banks for corporate monies, a credit union for personal monies.

[BriCar 0]

Banks and Credit Unions are both FDIC.

You could have accounts in both.

[CDAgirlMI 51]

Not to pry but are we talking large amount(s) of money?

Well, its not pocket change, I'll say that....hehe

[Jasman0717 9]

I've been with the county's credit union for over 30 years and would never dream of going to a bank. When I retire and move away from the area I will still maintain my account, I love the place.

[Otto 83]

Well, its not pocket change, I'll say that....hehe

Lol... well - if it were me/us - I might be inclined to leave a 'bunch' in the CU and maybe use a local bank for checking.

[Mononoke28 135]

I had my accounts with a credit union for a while and they didn't help me with anything, so I never understood why some people prefer them. I applied for a car loan and they denied me without really getting a firm reason as to why, so I had to get my loan from the bank the car dealership used, got a great interest rate and was approved within minutes. Same thing happened when I bought a condo almost 10 years ago, they flat out denied me while the builder's recommended bank approved me on the spot with a great interest rate. On top of that, they have very few ATM machines in the city I live so I had to to use another bank's for an extra fee or drive around until I found one. It was a total pain in the butt.

Now I have my accounts with a regular bank and have been happy for almost 3 years now.

Diana