More on Credit Unions ...

Here are national average interest rates from DATATRAC as of March 26, 2009:

Numbers are: Average Credit Union rate, Average Bank Rate.

Savings
Savings: 0.56%; 0.36%
Interest-bearing Checking: 0.39%; 0.29%
1-Year CD: 2.17%; 1.69%

Consumer Loans
Regular Credit Card: 11.65%; 12.72%
48-month new car: 5.38%; 6.69%
48-month used car: 5.64%; 7.24%
36-month unsecured: 10.62%; 12.46%

Mortgage Loans
Home Equity Line of Credit: 4.40%; 4.77%
1-year ARM: 4.81%; 4.98%
30-year Fixed: 5.16%; 5.15%

Easy to see the difference, isn't it? Credit Unions win every category but one, and that one is almost a tie.