Guess What? Credit Unions are Growing!

Yeah, I said it, and it's awesome! I was checking CNN money and saw that they had an article about credit unions. Of course, I had to read it, and I wasn't disappointed! According to the National Credit Union Administration (NCUA), credit union membership spiked in this year's first quarter. In fact, 667,000 new members joined! And just to clarify, the study looked at new members, not new accounts. So, the number is pretty impressive!

So what does that mean? Well, it brings the grand total of credit union members to around 92.5 million which is the biggest its ever been. It's also about half of how many people joined a credit union in all of 2011! We must be doing something right because more and more people are hearing about the greatness of credit unions. FULL SPEED AHEAD!

I know we talk about it on a weekly basis, but credit unions are freaking awesome! I mean come on, low interest rates, you own the place and in Maine you can join a credit union with free4ME checking if you are 18-25 years old. Sounds pretty happy if you ask me. Did I mention shared branching, which allows you to do your banking across the country? BOOM!

Why do you love your CU?

Seth P.