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Lawrence Boothby's avatar

I joined my first credit union in 1980 when I was a graduate student. I am now a member of three credit unions. My retirement savings is in a credit union that mainly grants mortgages to local homeowners. I have only had $1 dollar in service fees over the last 43+ years and I could have voided that fee for a cashiers check if I had had it written to me and then endorsed it to the party I wanted to pay. No monthly service fees. I am earning 5.25% APY on my 12monthCD. Credit unions deposit s are insured, just like banks, except that the two have separate federal insurance systems.

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