Banking Solutions

Credit unions are financial institutions, similar to banks, that offer a range of products and services to help you reach your financial goals. Credit unions are not-for-profits owned by their members and offer a wide range of financial services like banks, such as offering loans, accepting deposits, providing investment options and more. Credit unions offer members a safe place to bank, giving access to reasonable rates and lower fees. 

Banks are also financial institutions with banking, lending and investing services. The primary difference between the two credit unions vs. banks centers around their members and structure. Banks are for-profit institutions that add more focus on their shareholders, whereas credit unions are not-for-profit and add more focus on serving their members.

Banking with a credit union offers a host of benefits that can help improve your overall banking experience. Some of the top advantages of opening a credit union bank account include:

• Better fees and interest rates: When banking with a credit union, you can expect lower fees on loans and checking accounts, along with higher interest rates on savings and investment accounts.
• Loan options: Credit union members can gain access to and receive better terms and conditions on a wide range of loans, such as personal loans, auto loans, mortgages and business loans. Additionally, credit unions tend to offer better rates compared to other financial institutions. 
• Community support: Credit unions are often heavily involved in their local communities, offering financial education and other resources to help benefit their members.
• Customized service: Due to their community-centered approach, credit unions are able to offer a more personalized banking experience.
• Member ownership: Credit unions are not-for-profit financial institutions, which means their members help make decisions regarding the credit union. This means credit unions better serve their members, as their member-elected board of directors keeps their best interests in mind.

When it comes to handling your finances, there are several routes you can take. Banking with a credit union allows you to manage your finances to reach your goals. Here are some of the benefits of credit union bank accounts:

• Convenience: Easily access your money when you need it, whether it’s through an ATM, mobile banking or online banking.
• Security: Have peace of mind knowing your funds are NCUA-insured.
• Overdraft protection: Through overdraft protection services, you can avoid costly fees when you don’t have enough funds in your account.
• Money management tools: Our money management tools can help you manage your money to gain financial freedom.

One of the many benefits of banking with a credit union is gaining access to a wide range of financial services. At California Credit Union, members can explore investing services to plan for retirement, a vacation, a home or any other life event or access lending and borrowing services to find financial support when they need it.

We also offer business banking, allowing organizations can access business loans, bank accounts and cash management services. At California Credit Union, we’re committed to helping our members reach their financial goals, which is why we also offer educational resources like banking basics, financial management tools and more. See how our products and services can help you today.

Credit unions, like us, offer a wide range of online banking services, allowing you to access and manage your finances anywhere with a smartphone, computer or tablet. With our online banking services, you can review your checking account balances and transactions, pay bills, transfer money between different accounts, deposit checks or perform any other financial transactions. Online banking is convenient and safe, with encryption and data security measures in place to protect your personal and financial information. With 24/7 access to your accounts, banking has never been easier.