Considering the above, is it better to refinance with a credit
union over a traditional bank?
Not exact matches
Loans from
traditional lenders, such as
banks or credit
unions, can have annual percentage rates (APRs) ranging from 4 % to 13 %, while alternative or online loans can have APRs ranging from 7 % to
over 100 %.
Lenders who do business
over the Internet can typically approve a greater number of applicants for the loan money that they need because they have more working capital and are often willing to absorb greater instances of risk than a
traditional lending institution,
bank, or credit
union will.
Distinguishing itself from
traditional banks, Your Credit
Union's mandate is solely to meet the financial needs of its members, offering lower fees, higher returns and focusing on meeting members» needs
over earning corporate profit.