this post was submitted on 29 Jun 2023
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Asklemmy
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Broader than a brand, but I think it fits here...
Everyone hates banks. Credit Unions are better in every possible way.
The first time I bought a car I secured financing through Capital One before I went to the dealership, and then once I found a car told the dealer I'd finance through them if they could beat my other lender's interest rate. They did, by like a quarter percent. Years later when I went to buy another car I got financing through a credit union instead, the rate was much lower than before, and the dealer couldn't beat it.
Might depend on the country though. I grew up where credit unions were really common and just assumed they were the best. I had to switch to something else cause I moved across the country and my credit union was only on western Canada. While shopping around, I realized that the big Canadian banks were offering way more than my credit union ever was. Plus their website actually felt modern.
That makes sense. In typical American fashion I was thinking about my local situation. :-}
Well one disadvantage of credit unions is that you might not be able to get a debit card. Loan interest is usually way better though.
Huh? I've used 4 different credit unions, and I never heard of being unable to get a debit card.