Are you tired of paying big fees to your big bank just because you have a checking or savings account, or just because you needed an ATM? Then maybe you should consider switching—not to another big bank, but to a credit union.
Unlike big banks, which are owned by stockholders, credit unions are owned by you—the member. Credit unions are member-owned cooperatives; instead of making big profits for a few select stockholders, credit unions exist to serve the members who have entrusted their money to them. Credit unions return profits to their members by offering lower loan rates, higher rates of return on savings accounts, and free or low-cost services to members.
Need an ATM? Credit unions have a nationwide network of 30,000 ATMs that don’t charge fees, so even if you have to travel for work or school, you can still bank with a credit union. And thanks to mobile banking, even students studying abroad and missionaries working overseas can still bank with credit unions. Mobile deposit means that you don’t even have to rush to a branch or ATM to deposit checks—instead, you can simply use your mobile device.
Instead of paying big fees just to keep your money at a bank, why not entrust your money to a credit union and save your hard-earned cash? Some credit union checking accounts pay interest, so you can grow your money instead of losing it to monthly fees. When you consider the great rates of return you can get with a credit union savings or money market account, switching to a credit union makes real financial sense.
Credit unions consistently outscore banks in a customer satisfaction survey, and credit unions continue to provide great service to over 100 million Americans. If you’d like to explore the credit union difference, check out aSmarterChoice.org to find the right credit union for you!
This article should not be considered legal, tax, or financial advice. You may wish to consult a tax or financial advisor about your individual financial situation. Christian Community Credit Union is an Equal Housing Lender.