It depends upon the CU in question. There are typically /many/ local (to a state/region) credit unions, so you get multiple shots at this. SECOND, the reason

It depends upon the CU in question. There are typically /many/ local (to a state/region) credit unions, so you get multiple shots at this. SECOND, the reason you're better off is that you are literally part owner of that 'union' as a member. They inherently (typically) give you better rates and treat you better.