Why join a Credit Union?
Experience the benefits of credit unions – from membership to your community.
Credit unions benefit members
Minnesota credit union members save approximately $2.1 million a year by using a credit union rather than a bank. This savings works out to approximately $87 per member and $165 per household per year. Credit unions are able to offer these savings because they exist to serve members not profit from them. The profits a credit union makes are returned to members in the form of lower fees, better rates on loans and more services. (September 2010 - CUNA Research & Statistics)
Credit unions benefit consumers
Credit unions create competition in the financial services industry. When financial institutions are forced to compete with one another, they must work hard to provide quality services at competitive rates.
It is the top priority for credit unions to improve services for members, not to increase profits for stockholders. When credit unions provide exceptional service to members, they raise the bar for other financial institutions. Ultimately all consumers benefit.
Credit unions benefit communities
Credit unions have a history of giving back to the communities they serve. Credit unions have repeatedly proved that their philosophy of “people helping people” is an everyday way of doing business.
All around the state credit unions are working to provide communities the services and resources they need. Through involvement in community organizations, credit unions are actively demonstrating what it means to be a corporate citizen.
Credit unions are also actively involved in reaching out to underserved areas and providing services to those who are not traditionally served by financial institutions. By teaching citizens how to properly build, maintain and use credit wisely, credit unions are giving them the tools they need to achieve financial success and further contribute to the Minnesota economy.
Join today!
Minnesota Credit Union Network. Retrieved from: http://www.mncun.org/Credit_Unions_101_114.html |
