While Big Banks Lose Steam, Credit Unions Forge Ahead

OAKLAND, N.J., Dec. 15, 2010 /PRNewswire/ -- As the shady business practices of some big banks come to light, customers are losing confidence in the banking industry and moving over to the other side. USACreditUnions.com helps remove the uncertainty of joining a credit union by providing detailed information on more than 7500 credit unions and 22,000 branch locations across the United States.

A credit union is a viable option for checking, savings, loans, credit cards and other matters involving finances. Credit unions offer the same services as big banks, but on a more personalized level. USACreditUnions.com lays this information out in an easy to understand format so people can make informed decisions about joining credit unions.

"Credit unions have evolved to meet the growing demand of people who are fed up with 'too big to fail' banks that are more interested in fattening their pockets than providing value to their customers," says website owner John Holdefehr. Credit unions are non-profit institutions that are member-owned, so they have a vested interest in putting their customers' needs first.

USACreditUnions.com has centralized data that shows how far credit unions have grown over the years. The charts on the site give people an indication of how each institution has fared over the last decade. USACreditUnions.com also houses information about each union's cash assets, outstanding loans, lines of credit issued, and quarterly loan and deposit rates.

The National Credit Union Administration (NCUA), which is similar to the Federal Deposit Insurance Corporation (FDIC), insures credit unions for up to $250,000 per account. Any money, up to the insured amount, that a person deposits in a credit union account is safe. People who work in the financial field can point their clients to the resources on USACreditUnions.com to help them find legitimate credit unions to join.

Users can scroll a computer mouse over the "TOM" classification codes on the resulting pages to find the member eligibility requirements of each credit union. Eligibility to join a credit union may be based on employer or organizational affiliations. Some credit unions may also base eligibility on geographic location.

For more information visit, http://www.USACreditUnions.com

About USACreditUnions.com

USACreditUnions.com was established in 2005 as a way to inform the public about the benefits of credit unions and to help them choose credit unions that meet their needs.

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE USACreditUnions.com