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peachesonerattsandiego9

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i am interested in joining a credit union,can you advise me

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Joining a credit union

I have been a member of a credit union for over 20 years.  Overall they are a good financial institution.  Recently due to a work incurred injury my finances and payments suffered.  I received a letter from the CU that stated that they "cross collateralize" all loans and that if my Visa card is in serious arrears they can then repossess my car, even if it that loan is currently up to date.  They can then sell the vehicle to satisfy any indebtedness to them.I was incredulous, but checked and found out they were correct.  Last time I EVER borrow a dime from them. 

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