Re: Credit Union
Originally Posted by
Docholliday
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Does anyone on here save with a Credit Union? I am thinking of using a Credit Union to save for any emergencies etc in the future. Any info most welcome thanks
I do and have done for years. It used to be BHP Credit Union then it combined with BP Credit Union and became
Big Sky Credit Union.
It was great because you own part of it by having 10 shares ($10) - it is a credit
union of members. Interest rates they pay on your savings are higher than the banks offer and interest rates you pay on loans and mortgages are lower than the banks offer because they are a non profit organisation.
Unfortunately Big Sky has been recently taken over by Australian Unity and the service element seems to have declined somewhat. However if I change it will be to go to another Credit Union.
Highly recommend them.