 TITLE: What Are the Benefits of a Credit Union? CONTENT: What to Consider Before Joining a Credit Union\n----------------------------------------------\nOf course credit unions aren't for everyone, and there are some disadvantages to be aware of before abandoning your big bank. Credit unions may have:\n*   **Limited locations.** Smaller credit unions may only have one or two brick-and-mortar branches. If you're far away and want to go in to conduct in-person business matters, you could be out of luck.\n*   **Fewer ATMs.** Credit unions may only have ATMs attached to their branches. You can use other financial institutions' ATMs to withdraw and deposit funds and the credit union will probably pick up the tab for any associated fees, but there can be exceptions to this rule.\n*   **Lackluster technology.** If you're accustomed to the ultra professional websites and online systems that commercial banks have, you could be disappointed by the difference. At best, some smaller credit unions' technology can be described as quaint; at worst, it can be frustrating.\n*   **Pared-down plastic options.** Want to have all of your accounts in one place, including credit cards? Most credit unions offer them, but there may not be a variety of credit cards from which to choose. Those with huge sign-up bonuses and other specialized rewards programs probably won't be part of the lineup.\n*   **Exclusive membership.** Credit unions often cater to a specific community or profession. For example, San Francisco Federal Credit Union is open to people who live, worship or work in the area. To become a member of State Employees' Credit Union, you'll need to be an employee of the state of North Carolina.\nStill, credit unions may be worth considering if you're unhappy with your bank or are looking for a more community-focused atmosphere. If you think a credit union might be a good option for you, but you're not sure if you're eligible for any in your community, don't give up. \"There are a lot of misconceptions about credit unions,\" Coleman says. \"People automatically think they can't join because of the name or worry that it's some sort of club. That's not true at all. You can find a credit union that's right for you. Check out what's in your area, then walk in the door and talk with someone.\" If you do, chances are a friendly representative will welcome you—and may draw you in as a new member of the family. END