Banking with a credit union can save on fees but there are limitations
- Credit unions offer similar services to banks but typically have lower fees, according to the Canadian Credit Union Association.
- Credit unions are popular in Quebec, British Columbia, and Alberta but may have limited branch networks, according to Natasha Macmillan.
- Some credit unions have eligibility requirements for account opening, as noted by certified financial planner Cindy Marques.
- Personal preference plays a significant role in whether Canadians choose credit unions over traditional banks, according to Wendy Brookhouse.
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Banking with a credit union can save on fees but there are limitations
By Ritika Dubey
Coverage Details
Total News Sources17
Leaning Left8Leaning Right1Center0Last UpdatedBias Distribution89% Left
Bias Distribution
- 89% of the sources lean Left
89% Left
L 89%
11%
Factuality
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