QUESTION 10 OF 30

How do our fees at BECU stack up against traditional banks?

Credit unions are non-profit where banks are for profit. For this reason, the fees at BECU will be lower and more reasonable than the large banks where people typically do business. With that said, credit unions sometimes have higher interest rates than traditional banks.

The interviewer would like to know that you have done some research on BECU and understand how their offering stacks up against traditional banks.

"Because BECU 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. Right now, the advantage appears to be around .05% on many BECU products."

"I understand that credit unions like BECU tend to have lower fees due to your non-profit and member-owned status. Credit unions do not have as many investors to please, which allows places like BECU to often offer lower fees on mortgages and loans."

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BECU Mock Interview

How do our fees at BECU stack up against traditional banks?

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30 BECU Interview Questions & Answers