How Credit Unions Work

How Credit Unions Work: Author’s Note

I will be the first to admit that I am financially illiterate. One of the best parts of writing for HowStuffWorks is that it forces to understand the basics of our finance and banking systems. This article is a great example. I've probably driven by hundreds of credit unions and never once stopped to think, "What are those things all about?" Researching this article helped me understand the possible advantages of joining a credit union (lower interest rates on loans and credit cards) and the potential disadvantages (fewer branches and ATMs). I should probably share all of this useful information with my wife, since she's the one who makes all of the financial decisions (thank goodness).


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