Benefits of a Credit Union
What is a Credit Union?
How is a credit union different than a bank? Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.
Credit unions are owned and controlled by the people, or members, who use their services. Your vote counts. A volunteer board of directors is elected by members to manage a credit union.
Credit unions operate to promote the well-being of their members. Profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates and lower loan rates.
You are more than an account number, you are a member. The credit union was created by our members for the benefit of our members. Everything the credit union focuses on, is with your best interest in mind.
Members often have shared interests and appreciate participating in an institution designed to help other members.
Credit unions provide financial education and outreach to the community that surrounds our location.
To start your financial journey with our credit union, the first step is opening your Membership Savings Account. To get started today, contact firstname.lastname@example.org or call 512-452-5211.
“What is a Credit Union.” https://www.mycreditunion.gov/about-credit-unions/credit-union-different-than-a-bank-text-only. MyCreditUnion.gov”