Save Money with Credit Union Membership

http://www.cambridge-credit.org/ -- In 2010, new regulations were introduced to rein in overdraft fees and fees assessed on debit card transactions. Consumers and merchants embraced the new rules and the relief they seemed to provide. The new regulations were supposed to save the public billions of dollars, and theoretically they'll do just that, but those "savings" are "losses" to the institutions that formerly charged the fees. One way the banks can offset these "losses" is to phase out free checking accounts. A fantastic alternative to using a for-profit bank is to become a member of a not-for-profit credit union. Because of the typical credit union's operating philosophy and not-for-profit status, they are able to beat banks in nearly all categories of loan interest rates and fees.

Watch this week's webisode from Cambridge Credit Counseling Corp. to learn more. Host: Community Outreach Director, Thomas Fox. Tune into next week's webisiode when we'll look at more credit union advantages.

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