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The Credit Union Difference

Credit unions are not-for-profit financial institutions created to serve their Members financial needs. They are owned by their Members and democratically governed by a board of directors. Their mission to serve consumers and not-for-profit, cooperative structure earns credit unions a federal tax exemption. As a result, Members see earnings as higher savings returns, lower loan rates and lower, fewer fees. Credit unions serve a common membership field based on characteristics such as a geographical area, employee groups, or membership in an organization. Becoming a credit union Member is simple and easy.

Our main focus is our Members and our local community.

Credit Unions vs. Banks

The Value of Membership

  • A Sense of Loyalty – Credit union members often feel a stronger sense of loyalty and a familiar connection because of a shared sense of community.
  • Better Rates and Lower Fees – A credit union’s bottom line is to benefit its membership; earnings are returned through lower loan rates, higher savings rates and contributions to offset fees.
  • Invest in Financial Education – Because credit unions aren’t focused on making a profit, they value   educating each of their members on which financial option would be best for their situation rather than what would better the credit union.
  • A Personal Touch – Many credit unions are willing to work with their members through unexpected (or unforeseen) circumstances to benefit the member and their community.

View this information and more at aSmarterChoice.org.

 

Credit Union Advocacy

Speaking up in the political process is a big part of credit union history. There are various ways you can ask your elected officials to support credit unions nationwide, and your voice is important!