Quote Originally Posted by umairejaz
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?
You have to have an excellent credit history if applying as a stand alone member. Most of them only accept applications for new members during enrollment periods. Some are willing to work with prime, but most will require prime plus. Others require you to fulfill certain requirements such as being employed by a specific employer, being a family member of a current member, etc.