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Credit Unions VS Banks

MikeG
  |     |   11 posts since 2019

Probably Nonsense but ...

Almost all the the better CD deals lately are from Credit Unions and the majority of lowered rates are from Banks. Does this pattern mean anything or is this just noise? How reliable are bank & CU ratings.

The good - Working people spending on homes etc. due to consumer confidence.

The bad maybe - 1) Working people are borrowing more to cover too much dept 2) Credit Unions need deposits just like stressed banks in 2008 (e.g. Washington Mutual's CD rates were way higher than other banks before collapse) .

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CDStalker
  |     |   2 posts since 2019
I always thought most of the best rates came from credit unions. Seems of all the really attractive rates you find, something like 70% ish are from CU’s....been that way since maybe forever, but for sure since the early 90’s.
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