A credit union account is more than just a place to put your money. It's more like your own personal bank. Credit unions are cooperatives, which means they're owned by the people who use them. Hence, you get more say in how things are run.
Credit unions come with many benefits to you, the user. These benefits ensure that you gain optimally from what they have to offer.
Credit unions offer loans with lower interest rates, meaning they’re much easier for you to pay back. Not only that, but it’s much easier to obtain a loan from a credit union than it is a bank.
Most credit unions do not charge fees on accounts and services they provide. This contrasts with other banking options that charge a certain rate for small operational services.
Credit unions are community-based, meaning that it’s likely that you know several people who use the credit union, but also probably a few of the people who work there too.
You'll get extra points for every purchase when you use your credit union debit card. These points are added to the account by direct deposit or monthly activity.
Credit unions go beyond offering their members monetary benefits. They provide other perks like discounts when shopping online through vendors they partner with, as well as fun activities across all age groups throughout its branches. Many opportunities exist where you can participate and enjoy more.
After reading this, it should be clear where is best to keep your money. Credit unions have revolutionized the banking sector, making it more appealing and trustworthy.
Credit unions come with many benefits to you, the user. These benefits ensure that you gain optimally from what they have to offer.
Loans are More Affordable
Credit unions offer loans with lower interest rates, meaning they’re much easier for you to pay back. Not only that, but it’s much easier to obtain a loan from a credit union than it is a bank.
This means that not only do you have the chance of getting the loan you need, but you have a chance of paying it back in a reasonable amount of time.
This is compared to a bank, which will try every reason to not give you the money you need, and if you’re successful in getting it anyway, charging through the nose in interest rates to make their money back.
No Extra Fee
Most credit unions do not charge fees on accounts and services they provide. This contrasts with other banking options that charge a certain rate for small operational services.
For instance, you won't have to worry about paying monthly or annual fees for checking or savings account funds. Even better, some have free ATM transactions included with these benefits.
For starters, free checking with no minimum balance required is one of the most popular perks offered at credit unions. Some even offer ATM fee refunds when using out-of-network ATMs. This is more than what you can get from other service providers.
Free Checking Accounts
For starters, free checking with no minimum balance required is one of the most popular perks offered at credit unions. Some even offer ATM fee refunds when using out-of-network ATMs. This is more than what you can get from other service providers.
Better Customer Service
Credit unions are community-based, meaning that it’s likely that you know several people who use the credit union, but also probably a few of the people who work there too.
As a result, many credit unions pride themselves on providing excellent customer service since they either know the people who come in personally or are familiar with the family.
You'll manage to get in touch with someone who can assist you immediately. They also offer 24-hour call services where you can contact them for more info on any inquiry you might have.
Higher Rebate on Purchases
You'll get extra points for every purchase when you use your credit union debit card. These points are added to the account by direct deposit or monthly activity.
This means more savings in return. You can then redeem these points for gift cards and more with the cashback options offered at most locations. Not only does this help financially, but it also encourages better spending habits.
Reward Beyond Money
Credit unions go beyond offering their members monetary benefits. They provide other perks like discounts when shopping online through vendors they partner with, as well as fun activities across all age groups throughout its branches. Many opportunities exist where you can participate and enjoy more.
After reading this, it should be clear where is best to keep your money. Credit unions have revolutionized the banking sector, making it more appealing and trustworthy.
As a result, those looking for a better financial partner should consider switching to a credit union, where it’s easier to obtain loans, many fees banks put in place are missing, and possible to pay them back, and the community-based structure means you’re treated more personably when interacting with them.
