About Credit Unions
What Makes Credit Unions So Special?!
Well, for starters, credit unions have been around for over 100 years! They are not-for-profit, member-owned financial cooperatives so they make money for you, not some group of stockholders. Credit unions are locally owned and locally run so there is a real sense of involvement within each local community. Credit unions look out for their members’ interests and provide a level of service that is not generally available at other financial institutions.
Whether it’s providing a personal loan to help a member cover unexpected medical bills, giving financial counseling to a member whose company had to close its doors, helping a first time homebuyer decide on the best fitting mortgage loan, or simply offering a better deal on a used car loan, credit unions have a direct impact on our members’ lives. In fact, any profits made during each year are returned to members in the form of better rates and services, or even actual money put back into your accounts! How often do you find that at a bank?
Credit unions offer all the products and services you’ve come to expect from any financial organization - and more! Credit unions typically have higher dividends on savings accounts, lower loan interest rates, and definitely lower or no extra fees! They have the largest system of no-fee ATM’s than any major financial organization - anywhere! And, in order to better prepare the next generation of consumers, credit unions provide financial education materials, in-school programs, and educational seminars for students of all ages and in any city or town - absolutely free!
Nearly 100 million people across the U.S. are members of credit unions, and the number is growing! Isn’t it time you took control of your finances and had a say in your financial future? Call or stop in to a credit union near you and discover what almost 100 million people already know - the benefits of credit union membership!
(Credit union deposits are federally insured up to $250,000 per account by the National Credit Union Administration, a U.S. government agency.)