While big credit card issuers are raising their fees and changing rules in an attempt to increase their profit before the Credit Card act takes effect, credit unions are still able to offer you the same low interest rates and minimal to no fees. A study by Pew Charitable Trusts reviewed the 12 largest banks and credit unions that issued cards and found that credit unions offer more consumer friendly terms, with the median interest rates on a credit union card being 20% lower than banks.
At Maine credit unions, their main goal is to help you manage your finances with ease. And with holiday shopping and credit cards on your mind in December, and the credit card bills in January; you know that as a credit union member you can use your credit card without fear of unreasonable rate increases. Credit unions have remained stable despite the economic hardship, yet another reason why many people in Maine are turning to their local credit unions to manage their money, and their credit cards.
-Jess H., Maine Credit Union League
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