When it comes to doing your banking, you have options beyond traditional
banks. Many consumers have found that
credit unions actually have more to offer than corporate banking institutions. Credit
unions are member-owned, instead of being owned by shareholders who are
looking for profits, which means the profits can be invested in your financial
goals. If you’re opening a bank account, here are a few of the reasons
why you should consider joining a credit union.
When you walk into a bank, you’re a customer who represents an opportunity
to increase profit. At a credit union, you’re a member. That distinction
creates a big difference in the kind of customer service you receive.
A credit union is able to get to know you and your financial goals and
habits and is able to use that information when making decisions about
loans, credit cards, and other financial services. They will consider
your entire financial picture when making decisions about services you
qualify for instead of simply following a formula or treating you like
a number on a paper.
Banks operate to generate money for shareholders. Credit unions are non-profit.
That means that they have to re-invest any income they generate back into
member services. In addition to seeing that investment in great customer
service, you will also see it in great rates on loan products. Credit
competitive loan rates—often better than banks are able to provide.
Flexible Account Requirements
If you’ve ever tried to open an account at a bank, there is a good
chance you encountered a long list of requirements, including minimum
balances and limits on transactions. Credit union accounts are usually
much more flexible. This frees customers up to use their accounts the
way they see fit.
Find out more about credit union services by calling
Westmark Credit Union. Our credit union serving Idaho offers competitive financial services
with a focus on helping you reach your financial goals. Learn more about
membership by calling (208) 523-2722.