Why Join a Credit Union?

Join a credit union and you'll enjoy a variety of benefits!

Great Financial Services

Credit unions provide a place for members to save and get loans at reasonable rates. Other services vary by credit union, and are tailored to meet members' needs. This is one place where member voting comes in; as a member, you get to say what's important to you. Services include:

• Credit cards with low or no annual fees and low interest rates
• Direct deposits, cable and wire deposits
• Financial education and counseling services
• High interest rates on savings accounts, CDs and money market accounts
• Investment services
• Low cost or free checking with low or no minimum balance requirements
• Low interest rates on mortgages and vehicle loans
• Notary services
• Online banking

Personal Attention

Because of the superior personal attention they give to members—and high quality service—credit unions consistently earn higher customer satisfaction ratings when you compare them to banks. In fact, credit unions have consistently ranked highest for service in a Gallup study commissioned by American Banker magazine.

Credit unions employ knowledgeable member service representatives who will work with you to make your financial transactions as easy and convenient as possible—and help you achieve your financial goals.

Better Rates and Lower Fees

Credit unions pass any "profits" they make directly back to members. Because there are no shareholders to keep happy, credit unions are able to offer, on average, better rates and lower fees.

In fact, credit unions typically offer higher rates on savings and certificates—and much lower rates on loans. That’s because all profits come back to the members—not to a board of directors.

And your savings are insured up to $250,000 by the NCUA so your money is safe and secure.

What is a Credit Union?

A credit union is a member-owned, not-for-profit, cooperative financial institution.

Credit unions:

• Provide the same products and services—including surcharge-free ATMs, online financial services, and free savings and checking accounts—as other financial institutions
• Return their profits to their credit union members by providing better services, better rates, lower fees and special discounts
• Operate under the philosophy of “people helping people,” allowing their members to pool their savings, lend to one another, and own the organization
• Follow conservative investment practices and lend responsibly

Federal credit unions are chartered and supervised by the Nationa lCredit Union Administration (NCUA). Through this federal agency, savings in federal and most state-chartered credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the United States government. The funds in some credit unions are privately insured.

Source: http://www.lovemycreditunion.org/