International Credit Union Day

• 10/15/2018

In the spirit of ICU Day, let's take a quick look at four factors that make credit unions the best choice for your financial needs.

1.) Members first

As a member of a credit union, you own a piece of the organization. That's why it's often referred to as a cooperative. Your credit union is not married to Wall Street—we only want what's best for you. This means we can focus on offering superior service and policies that are as member-friendly as possible.

2.) Lower fees

Banks earn much of their profit through fees and pushing unnecessary products on their customers. While a credit union will also have fees attached to products and services, these tend to be lower than similar fees you'll find at a bank.

3.) We've got your back

A credit union will be willing to work with you through rough patches. While a bank is more likely to turn down a borrower who has a poor credit history, a credit union member representative will be happy to meet with you and work to find a loan that best suits your needs. If necessary, we can also help you learn the basics of budgeting and may offer programs to help you cover unexpected expenses.

4.) Better dividend rates

Credit unions offer higher dividend rates on savings accounts and lower interest rates on loans. We only need to cover operating costs, and all the money we save is passed back to our members in the form of favorable rates, enhanced services, increased operations and more.