Buying a Car in 2015? Here’s Why Credit Unions Are Your Best Bet

Community banks fear them. Big banks think they can crush them. But over the years, the credit union has proved resilient. And unknown to most people, credit unions thrive by writing car loans. Credit unions have a storied history. They exploded in number and size during the so-called “Roaring Twenties” (1920s) by providing banking services […]

Community banks fear them. Big banks think they can crush them. But over the years, the credit union has proved resilient. And unknown to most people, credit unions thrive by writing car loans.

Credit unions have a storied history. They exploded in number and size during the so-called “Roaring Twenties” (1920s) by providing banking services to average Americans who weren’t yet accepted by commercial banks. Back then, credit unions played a vital role in helping people save and borrow. Commercial banks weren’t yet interested in opening savings accounts for, or lending money to, America’s growing middle class. Read more

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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