Credit Unions > Banks ?
December 14, 2010 11:45 AM Subscribe
Why do so few people use credit unions in Ontario, compared to Quebec and out West? They seem better than banks both ethically and financially (fewer fees, better interest). Is there any reason not to switch?
posted by wo to work & money (17 answers total)
Right now I have an account with the Big Five, but soon I will be graduating university and earning a salary. I try to be ethical with where I spend my money, so a not-for-profit is ideal when given the choice. The only drawback I can see is that credit unions operate provincially/regionally, which is a hassle if you move (but that is about to change
The one I'm considering is Meridian Credit Union
. Have you experience with them? Is there something I'm missing? Cheers.