about-us accounts announcements auto-sale banking-basics business-loans business-resources cash-management checking community computer credit-cards debit-cards digital downloads employees facts-figures financial-resources find-us getting-started insurance-products invest loans-auto loans-home member-benefits not-found partnerships rates savings schools search security social-facebook social-instagram social-linkedin social-twitter social-youtube ticket

Security Notice: We will never email, call or text member information to request log in credentials, card numbers, PIN or social security numbers. Click here for more Security Information.

Rightside menu

3 Benefits of a Credit Union

3 Benefits of a Credit Union

People often ask, “What is a credit union?” Well, just like banks, credit unions are financial institutions that offer a range of products and services to help you reach your financial goals.  However, there are a few key differences that set a credit union apart, and we are here to share those with you.

3 Benefits of a Credit Union

Owned by the people, for the people.

Credit unions are nonprofits that are owned by you, the member, instead of being owned by shareholders. This means, that as a member, you get a say in the decisions the credit union makes.

Attractive rates.

Since credit unions are nonprofits, they have the ability to offer financial products and services at a more cost-effective rate for its members. Banks, on the other hand, need to make money for shareholders. At a credit union, the net proceeds are distributed back to the members in the form of lower fees, lower lending rates, and higher returns on savings.

Local and personalized service.

Credit unions are local organizations that work to serve the community they are in. They strive to build relationships with their members, seeing each person as an individual and not a number. They work to make informed decisions quickly, in order to provide you with the products and services you need in the moment.

 

Credit unions are a great choice if you are looking to have a voice in the way your financial institution is run, save money on interest and fee expenses, earn more on your savings, build relationships with those who serve you, and get timely decisions on your financial applications.

More Financial Education

All About Credit Scores

It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it’s important to know how to maintain a...

Estimating Your Retirement Income Needs

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on...

Back to top