![]() ![]() Credit unions do not have as many investors to please, which allows places like Navy Federal Credit Union to often offer lower fees on mortgages and loans." ![]() "I understand that credit unions like Navy Federal Credit Union tend to have lower fees due to your non-profit and member-owned status. 05% on many Navy Federal Credit Union products." Right now, the advantage appears to be around. "Because Navy Federal Credit Union is member-owned, I see that you have the upper hand when it comes to CD rates, loans, and mortgages, credit unions often have the upper hand with lower fees. The interviewer would like to know that you have done some research on Navy Federal Credit Union and understand how their offering stacks up against traditional banks. With that said, credit unions sometimes have higher interest rates than traditional banks. For this reason, the fees at Navy Federal Credit Union will be lower and more reasonable than the large banks where people typically do business. Credit unions are non-profit where banks are for profit. ![]()
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