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Ever wonder why 85 million Credit Union members
stay Credit Union members?
Because Credit Unions put people, not profits,
first. Credit Unions began more than 150 years ago
in Europe, when a group of ordinary people pooled
their resources in cooperative financial
organizations without stockholders or investors.
And today, over 36,000 Credit Unions continue this
tradition.
When a person joins a Credit Union, he or she
becomes a member. Not a customer. And members --
not outside investors -- pool their savings, lend
money to one another, elect officers, decide on key
issues, and provide other services in a cooperative
relationship.
Credit Unions are right on the money for people.
Today's Credit Unions offer a competitive array of
products and services.
Unique advantages include:
- Personalized service. With your Credit
Union, red carpet servcies are not a privilege
reserved for the elite. They are rights extended
to all members, without exception.
- Generally lower interest on loans. This is
possible, in part, because ther are no investors
and shareholders who demand dividends.
- Generally higher interest on savings and
share certificates (CDs).
- Attractive credit card rates. Many Credit
Unions sponsor their own cards. As a result,
they don't pay fees to other institutions. This
savings is passed on to members through lower
rates.
- Trust, not just collateral. Credit Unions
give people of ordinary means, who might not
qualify for credit elsewhere, a low-cost
alternative to commercial lenders.
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