Quote Originally Posted by Princess12
Credit unions are "private," opposed to banks which are public. Pretty much anyone can open an account at your local Suntrust, Wachovia, etc; however, credit unions are non-profit cooperatives with selective members from companies, communities, schools, etc.
I understand all that, I just dont see where the difference comes in the way they do business vs a bank. CU usually give insanely low interest rates. Can you simply join any credit union and how strict are they on credit? Do they only want prime plus or do they work with prime and subprime scores?