WASHINGTON — CUNA, NAFCU, and various credit unions were lauded in a recent Money Magazine article.
The story, 5 Reasons You Belong in a Credit Union, ran on page 107 of the December issue of Money Magazine, noting credit unions' superior savings and loan rates, in addition to free personal finance classes.
Credit union savings rates have stuck with the Federal Reserve increases in recent years and dipped only slightly following recent cuts, according to the article. It cited Space Age Federal Credit Union in Denver for its 16-month CD earning a return of 7% through the end of the year, then 5% after that. The best deal was found on a six-month CD from Sabine Federal Credit Union in Orange County, Texas at 5.43%, 200 basis points above the national bank average.
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