Why should I join a credit union?
A credit union is:
- Credit unions are focused on people, not profits. Credit unions operate by a “people helping people” philosophy that is hard to find at other financial institutions.
- Financial education is available to all members. Credit unions assist members in becoming better-educated consumers of financial services.
- As not-for-profit institutions, credit unions offer better rates on credit cards—up to two percentage points lower than the average bank card rate.
- Credit unions are available in places where banks typically aren’t, such as community development neighborhoods.
- As a member of a credit union, no matter how much money you have on deposit, you have an equal voice in how your credit union is run.
- Superior service, convenience, and technology. Credit union members receive the service convenience of today’s technology through online and mobile banking.
- Use the credit union services you need. Many credit unions provide online loan applications and remote deposit capture for member’s convenience. Even if you don’t need the credit union’s sophisticated website or 24-hour loan services, you can use the credit union services you need most.
- Many credit unions offer no-surcharge ATMs that any credit union member can use. National shared ATM networks mean you can find ATMs where you live and work.
- Your credit union can put you in business with a small business loan. And some credit unions have established a relationship with the Small Business Administration to expedite loans to credit-worthy small businesses.
Credit unions differ from banks in many ways, but one of the main differences is membership. Learn more about MMCCU membership here.