... While credit unions aren't the best fit for everyone, they do offer distinct advantages -- tangible and not-so-tangible -- over big regional or national banks. ...
The article makes a reference to FDIC (Federal Deposit Insurance Corporation) and NCUSIF (National Credit Union Share Insurance Fund) without naming either, but I think it belittles CU coverage by saying one's funds at a CU are "generally insured".
Funds at a federally insured CU are absolutely insured by the federal government, up to $100K, and the CU must display the official NCUA insurance logo.
the CU in town are laughable other than their promotional rates than the promotional rates they offer periodocly, like my CU offers upto 3K for 12 months for 7.9-8.25% your get a .25% discount if you do autopay and another .10% if you have the checking you pay $5/month other than that their signature loan rates are 12.15%-17.15% when another local bank offers 10.99%-13.99%
People say "Only apply for credit you NEED"
I say "apply for credit you have PRATICAL use of"
I don't have AMEX card because I don't want a card that suffers from PMS