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What has your experience been with a credit union? (lemm.ee)

submitted 3 months ago by [email protected] to c/[email protected]

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I like the idea of a less profit-driven business that is maybe more community-focused but I wonder if they have the same capability as a bank? Have you been able to do your banking needs at a credit union? Was the customer service decent?

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[–] [email protected] 3 points 3 months ago

I have accounts at two credit unions. One I love, one is okay.

The first one has excellent customer service and was doing online banking before most banks even thought it existed - they had software you'd use to dial into their system with your modem. Obviously that has gone by the wayside but they have an excellent, full featured site. Rates are generally competitive. (Unfortunately I live in a different state than they are based in, so I can't get my mortgage through them any more - they used to do it, but stopped offering mortgages in my state years ago.) They have nice touches, like if you withdraw cash from an ATM that isn't theirs, they'll refund the ATM fees you were probably charged.

The other credit union is fine. No major complaints really, but after the experience with the first one, the second one just doesn't compare. Their website is functional and covers all the normal pieces of online banking, but doesn't have nearly the features the other one does. I probably wouldn't know what's missing if I hadn't used the first one.

We also have a regular bank. No major complaints with them either, but it's not one of the biggies like Chase. One of the few remaining regional bank chains.