BOULDER, Colo. (8/27/13)--Consumers should consider joining credit unions as an alternative to banks because credit unions were created in the public interest and are operated by members for their benefit, according to an op-ed by a Colorado financial planner.
"In spite of the local ownership, you still get the peace of mind that your funds won't disappear just as you do with a bank," wrote David Gardner, a certified financial planner with a practice in Boulder County, Colo., in the dailycamera.com (Aug. 25). "Instead the Federal Deposit Insurance Corp., which protects your bank deposits, you have the insurance of the National Credit Union Administration, which provides similar protection."
Gardner provides these other reasons to join a credit union:
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