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an advantage credit unions may have over other financial service providers is: multiple choice lower loan rates. credit cards. interest-bearing checking accounts. flexible-rate loans. variable-rate savings plans.

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The advantage is flexible rate loans

Which of the following are advantages of borrowing from a credit union?

  • Local credit unions offer lower interest rates on loans that will save you money, time, and stress on exorbitant interest fees.
  • As a credit union member, enjoy the benefits of discounts and better savings rates for any individual looking to purchase a car, home, or start a business.
  • Free checks in the Alliance or Guardian style.
  • $50 off the preparation fee for mortgage documents.
  • discount on personal overdraft insurance (requires credit approval)
  • 50% off a basic safe deposit box with auto pay (or an equivalent discount on a larger box) Daily interest accrued.

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