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The Easiest Way to Score a Great, Low Rate on a Credit Union Loan
Michalis 'BIG Mike' Kotzakolios

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The next time you need a loan of any sort, consider getting a credit union loan instead of a loan from your commercial bank - your wallet will thank you. But why is a credit union loan usually so good? Because of the incredibly low rates that credit unions can offer their patrons. Their rates are usually so low that they are almost completely unbelievable, making them the perfect organization to get in contact with before you make your next big ticket purchase.

There is just one catch, though, when looking for a credit union loan for your new car, boat, truck, house, or recreational vehicle purchase - you have to actually belong to the credit union in order to take advantage of the great loan rates they’re offering. While it’s not too difficult to get a membership, you have to keep in mind that you can only join a credit union if you meet whatever criteria they require. Because all credit union members share at least one characteristic in common, you have to make sure that you fall into the same category as everyone else in the credit union in order to gain access.

Don’t despair though, the criteria required is not some kind of trick or stunt that you have to do. No, credit unions usually only require that you live in the same area as the credit union, that you went to the same college or university that the credit union is affiliated with, or that you even belong to the same religion of a particular credit union. There are massive lists available on the Internet of different criteria that credit unions are looking for. So be sure to take a look at what credit unions want before you decide to take out a credit union loan for the first time.

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