The Credit Union Difference (and Why it Matters)
You have many choices when it comes to financial institutions, so what makes choosing a credit union such a smart choice?
We’re glad you asked. We can give you several reasons why.
You’re our neighbor, not a number
When banking with a credit union, you can rest assured you’re our neighbor and not simply a number. Members of credit unions are also equal owners and have a say in the operations and priorities. Additionally, they operate as a not-for-profit organization, which means the top priority becomes that of the membership, and not chasing profits.
Access to lower rates and fees
The not-for-profit model allows members to have access to lower rates and fees, from $0 in checking and savings account monthly fees, to lower interest rates with mortgages and other loans. Savings accounts typically produce higher yields too, so members can keep more in their wallet.
Local decision making and personalized customer service
If you’ve ever done business with a large financial institution, then you understand how company layers can weigh processes down, such as loan approvals or navigating financial challenges. Credit unions are typically rooted in a community, including its employees. This allows for faster decision making for approvals and a more personalized approach to customer service.
Greater financial education resources
In addition to financial transactions, credit unions focus on financial wellness for their members, which includes providing additional educational resources. Whether it’s providing debt management tools, conducting financial workshops, or having access to certified financial counselors, members often have much greater access to resources versus other institutions.
Ready to experience the benefits of a credit union for yourself? Join Wauna CU today.