Why You Should Choose a Credit Union

As you know by now, there is a big difference between regular banks and credit unions.  There are thousands of credit unions in our country, but you don’t hear about them as much as you may hear about banks in your area.  Today, we are going to fix that.  Here are four reasons why you should choose a credit union over a bank for your financial service needs.

1. Credit unions are owned by you–the members.  A credit union is a not-for-profit company, which means that there is no stockholder looking to make money off of the business.  Every member is an owner of the credit union, and the whole reason for the credit union existing is to help each other with their financial needs.
    
2. Credit unions are operated by people within the community it serves.  That is the definition of a cooperative. WCU prides itself on being run by the community to help the community in which it operates.  We participate in several community activities and give back via community projects.  We are here for you!
    
3. Credit unions usually have lower interest rates on loans and credit cards than traditional banks.  This is the way the credit union passes their not-for-profit status onto its members.  Check out WCU’s current rates by clicking here!  
    
4. Credit unions like WCU participate in Co-op Shared Branching.  This means that when you are out of your community, you can do your financial business with a participating credit union that is in your immediate area.  This comes in handy when you are traveling.  In addition to shared branching, credit union members also have access to thousands of free ATM’s all over the country!  There is no reason to pay another ATM fee ever again when you are a member of a credit union.

These four reasons are, of course, not the only perks of being a credit union member.  There are simply too many to name.  Being a member of a credit union is a very rewarding community-oriented experience.  To find out more about WCU and what we have to offer, click here and go to “Our Services”!  We would love to have you as a member.

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