If you are looking for a financial institution that can give you the best in technology and convenience, should you choose a big national bank or maybe even a trendy online bank? Maybe not. Be sure to consider a local credit union option before you make a decision that may not give you as much of a technology or convenience advantage as it appears. Credit unions have kept up with the times without sacrificing the personal service that can be incredibly hard to come by with big banks, and nearly impossible to find with an online bank. Consider the following common questions we hear about credit unions.
How Do Credit Unions Stack up in Banking Technology?
Nearly every credit union in the United States offers a slate of online services, including online banking, money management or budgeting apps, connections to popular online payment apps, and online applications for most typical services. If you are looking for a loan or to open an account, you can do it online, at your convenience. Need to make sure a payment was made? Check it out on your mobile device or your computer. But if you have questions or just need to work out a problem with a knowledgeable professional, your credit union has branches to make that work for you.
Can a Credit Union Travel with Me?
Credit unions often participate in systems that link not only ATMs, but also the institutions themselves. When you belong to a credit union with service agreements with these networks, you can stop by a participating credit union when you are on the road and find reliable, friendly service. Meanwhile, you can keep using mobile banking, and tens of thousands of participating ATMs, making your time on the road as financially smooth as possible.
Can Credit Unions Compete with Online Banks on Rates?
You may be amazed to learn that credit unions not only compete but have some of the best loan and certificate rates around. The credit union philosophy is to provide the best, most comprehensive services for members. That means that the members get the benefit of the success of the institution, not anonymous shareholders. So, the credit union that provides personal service can also offer great rates and will work with you to find the loan and rate combination that works for you.
Are Credit Unions Strictly Local?
Some credit unions have their locations in only one area, and others are more spread out. Check the credit union’s website and remember that a Shared Branch Network can increase your ability to take care of your financial needs over a wider area.
If you have more questions about how your credit union can serve you in the most up to date way, contact us to talk with a representative today.
