Moving to KY, doing bank research.?I'm eighteen, moving to Louisville Kentucky for college and work. I'm a member of the Suncoast Schools Credit Union here in Florida, but will be switching banks when I move, and it will basically be my first shot at being fully financially independent. So, I'm doing my research and trying to make the... | |
Credit unions are a great option for consumers. I recommend keeping your account with Suncoast Schools open after you move because they could have great deals that you can still take advantage of when you move to Kentucky. Lots of people belong to credit unions that are not located nearby.
Since you're looking to have an account at a credit union that has a facility near your new home, you can use the following website to find credit unions that you are eligible to join: http://creditunion.coop/cu_locator/q... The website bankrate.com has an evaluation tool you can use to check out the credit unions. In most instances, you should pick the credit union offers the products and services you need and has a location that is convenient.
Hope this helps! Good luck!
P.S. Anna's statements about credit unions are incorrect, especially the one about banks being regulated differently than credit unions. Both are subject to the same laws. The only taxes credit unions are exempt from are income taxes because as financial cooperatives, all "proceeds" are returned to the members in the form of higher dividends on savings, lower rates on loans, fewer fees and new products and services.
I am not a fan of credit unions that dont pay taxes and they are not regulated the same way banks have to be. I would suggest using a real bank and try to focus on one that has a good stock marktet history.
