Now that Bank Transfer Day has come and gone, did you make the switch? If yes, great! CUNA stated that after Bank of America originally announced its $5 debit card fee, the country’s credit unions added approximately 650,000 new members, compared to the typical national new member average of 80,000 per month. If you weren’t one of those 650,000 that didn’t make the switch, why?
Are you still asking the question, why is a credit union right for me? Allow us to shed some light on a few of the key benefits of credit union membership.
-Credit unions are member owned, meaning that the customers of the CU own the organization watching over their money!
-Less fees! Better rates!
-Personalized service to assist members in growing their savings,
paying off debt, and planning for the future.
-Shared branching means you can access your account at any credit
union location that is a member of the shared branching network.
-Many credit unions offer inventive and innovative services such as
mobile banking, personal financial management tools, remote deposit capture, high tech coin counters, identity protection, eAlerts and more.
-Credit unions return surplus income to their members in the form of dividends.
-Credit unions are community members, not just a business in your community. They often entrenched in and supporting the local business in the area around their branch.
-Most importantly, credit unions exist for the members’ benefit, not the organization’s benefit.
Still not convinced? Need more insight? We encourage you to contact your local credit union representative as we’d be happy to help you answer any questions you may have. Or, if you prefer get started on your search to find the right credit union for you.