And they employ people that do not work where you do necessarily.
And that is all good.
But as they grow, they often become part of larger groups of credit unions and lose a lot of that localness.
Yes, Stephen Colbert, you can borrow that new word: localness.
But they are as good as their membership.
If members act irresponsibly, they cost their fellow workers.
As long as all members play by the rules, they are a great vehicle for establishing credit for people--especially young--that would have a hard time doing so without them.
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
HillbillyBill of TN @ Oct 29, 2008 08:02:14 AM
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