Should I open account with credit union in state where investing?

[Alison Colby]

I am a beginner investor (no deals yet) and looking to invest in a different state than where I live (but not far). I am trying to be prepared from a financial standpoint for doing that first deal. I understand that credit unions are better lending partners than banks (rates, terms etc) and it helps to have an credit union account if you are asking them for a loan. My questions are:

1) Should I open an account with the credit union in the state I want to invest, or the state I live in? Does it make a difference?

2) When I open the account, should I have an up front conversation with a credit union representative about my investing aspirations and desire to get a future loan?

thanks!

Alison