Can credit union and coop banks replace traditional banks completely?

Edit (adding additional question): Has there been an attempt to do this on a national or societal level?

  • LesserAbe@lemmy.world
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    14 days ago

    Funny, I just commented elsewhere that my credit unions have always offered great rates on auto loans. Where are you located? I’m in the states.

    I previously had a dealer be like “let me see if my guys can give you a better financing rate” and they did (slightly) than a bank rate I had secured. But since then I’ve financed a few times with a credit union and they’ve never been able to beat the rate.