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Truity Credit Union Blog > July 2019 > Benefits of a Credit Union

Benefits of a Credit Union

  • 7/21/2019

1) Superior member service

At Truity Credit Union, you’re always greeted with happy faces and representatives who are ready and willing to help you. There’s no cold, sterile atmosphere here! Instead, every member is part of the family. We’re truly invested in your financial wellness and we’re here to help you achieve and maintain it, every step of the way.

2) You have access to better savings rates

We’re not paying dividends to stockholders, and that means we have more savings to pass back to you. We’re proud to offer you share certificate, money market and savings rates that are well above the national average.

3) We can help you build your credit

We have great financial options to help boost your credit score. A Share Secured Loan is a good idea if you are looking to build your credit or you need to make a necessary purchase but don't want to dip into your savings. With a Share Secured Loan, you borrow against your savings and receive a low-rate loan, while still earning interest on your financial resources on deposit!

If you are a recent college graduate, our graduate loan program will give you a positive way to start building your credit with several different kinds of good, low-rate loans.

4) We offer lower interest rates

Need a stash of cash? Take your pick of personal loans, home loans, auto loans and more, all with reasonable interest rates that are often lower than the regional or national average. We’ll help you get the funds you need with a payback plan you can afford!

Bank with the best

5) Your money is safe here

Federally insured credit unions and banks both offer insurance on accounts of up $250,000. But credit unions are also subject to strict regulations on their investments and loans. This means you can keep your money here without worrying about its security.

6) Free/Low-cost Checking Accounts

Our checking accounts exist to provide you with a safe, convenient place to store your money—not to milk you for it. According to a MoneyRates survey, the average monthly maintenance fee for a checking account at a bank is $12. That’s nearly $150 coming out of consumers’ pockets each year!

Checking accounts at Truity Credit Union are much less expensive to set up and maintain and you’ll have a safe place to keep your money. For a small fee of $3 a month, our Identity Checking account gives you an added layer of security with Identity Theft services.

7) You own a piece of your credit union

Credit unions are member-owned and member-operated. You get to weigh in on our major decisions instead of being forced to follow along with whatever the higher-ups decide.

Your money = your choices.

8) We support small businesses

Credit unions are invested in the success of local small businesses. We’re happy to offer small business loans to qualifying members at reasonable rates. We also offer business checking and business savings, so you can run the financial side of your business without worrying about expensive fees and rates.

9) Fewer fees

Banks are notorious for slapping consumers with fees at any given opportunity. From steep overdraft fees to costly ATM fees, there’s another bill to pay at every turn!

You can avoid those costly overdraft fees by setting up a line of credit or a savings account for overdraft protection.

We want you to have access to your money without worrying about expensive ATM fees. To that end, we provide our members with checking account options that reimburse fees up to $10 and $20 a month for out-of-network ATMs.

10) You have access to a variety of financial services

We’re a lot more than just a gigantic piggy bank with checking and savings accounts. We provide members with an array of financial services to meet every money-related need at every life stage. These include: credit cards with no annual fees and low interest rates, direct deposit, external transfers, financial education and counseling services, investment services, youth accounts, personal loans, vehicle loans, home loans, online banking and more!

As a member of a credit union, your money is always in good hands.