How Are Credit Unions Different?
Your credit union is a different kind of financial institution. Here are four key factors that set us apart from other financial institutions: • You are an owner. Members who belong to the credit union are its owners, not merely customers. That’s because credit unions are set up as not-for-profit cooperatives. • You pay lower loan rates and earn higher dividends. Because credit unions are not-for-profit businesses, they return income to members in lower loan rates and higher savings rates. • You pay lower fees. At the credit union, you’ll find low ATM fees, low service charges on checking accounts, and low fees for overdrawn checks. • You get extra attention. Credit union staff help members toward financial health. We are here to answer members’ questions or offer one-on-one counseling.
