Depends on what you're talking about.

But generally untrue.

Just like bank loyalty doesn't really matter.

There exists products where you deposit a certain sum of money to collateralize a loan. But that is unlikely what you are referring to.

For example I'm keeping some cash inside a navy federal credit union so in the future it will contribute to me getting a good loan from them

Not anymore. The bank you've been with will try just so hard to get your business. Other banks will do the same.

If you have a lot of money? The bank you have been with will try harder to get your business. Other banks will do the same.

That won't matter one single bit.

Good to know thanks

If you work with your primary bank it may help in that it's easier to collect documents like statements, etc. when you apply for a loan then maybe.

But unless you are using the money to collateralized the loan or as a down payment the actual funds shouldn't matter.

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It won’t matter for the terms of the loan offered. It could speed up the underwriting bc they already have access to certain information

Depends on the amount generally. Small amounts (<100k) not gonna make a difference. At my bank if you have 150k+ (deposits or investments) there’s discounts available.

Generally speaking, with a credit union, you do need to have an account or be a member to secure a loan with them.

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