Why join a Credit Union?
Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. In fact, more than 67 million Americans trust that their credit union will provide the services to improve their financial well being.
Credit union membership offers many benefits. Services offered range from simple savings to home equity loans to IRAs. Study after study has revealed that on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings. And credit unions continually score higher than all other financial institutions in consumer satisfaction surveys.
Credit unions strive to deliver the best service possible to their most important asset - their members.
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What's so special about credit unions?
Unlike other financial institutions, Credit Unions are owned and run by its members. Members make up the Board of Directors, who manage and elect the officers to handle the business and operation of the Credit Union. Members make up the Credit Committee which decides on loans that are made. Members make up the Supervisory Committee which makes sure the Credit Union is run correctly.
Are you getting the idea that it’s the Members who make the Credit Union special? That’s absolutely right! Our members are joined together by a common bond and we will serve only our members. There are no outside stockholders – all net earnings after expenses are paid out to our members in dividends. That means your savings grow faster.
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Is my money safe?
Absolutely. Federal Credit Unions are chartered under the terms of the Federal Credit Union Act and supervised by the National Credit Union Administration (NCUA). Each member’s savings are insured to the full legal limit by the National Credit Union Share Insurance Fund (NCUSIF).
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Can a credit union take care of all my financial needs?
For many people, yes. We offer a full line of deposit services – savings accounts, share draft accounts, certificates of deposit, IRAs and more.
We also offer many types of loans – for cars, trucks, home improvements, VISA accounts and more. Plus, you’ll appreciate our low interest rates!
Your Credit Union has three main functions:
- Help you save regularly
- Loan money at fair interest rates
- Advise you on how to use money wisely
Why not visit with one of our member service representatives today and see if the Credit Union isn’t the answer to your financial needs?
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