4.Good Here!” is “Your Money No What? Your money is no good? That’s if you’re talking about fees of course. Credit unions simply do not charge as many and as highly priced fees as banks. That’s a fact and that’s the reason you will be better off than the masses of bank customers paying excessive fees. Consider that more than 78% of credit unions offer no-fee checking accounts, compared to about 39% for banks. Credit unions also have better loan and savings rates than banks. Why? Structured as not-for-profit cooperatives, credit unions are not designed to earn big profits for shareholders, but rather give as much as they can back to the membership in the form of better rates and lower fees. Some credit unions also return a year-end dividend to members. Consider that for every $1 a credit union gets for being exempt from federal income taxes, $10 goes back to the members in better rates and lower fees. That’s a great deal—for you! 6 15 Reasons You Should Only Bank at a Credit Union