The Credit Union Advantage

Why should you join a credit union instead of a bank?

Over 75 million people have chosen to belong to credit unions and there are some good reasons why: competitive rates on loans and savings accounts; lower fees and service charges; excellent service; safety and security; the feeling of owning your financial institution and being part of the family, not just a number.

Credit unions are financial cooperatives owned by their members. When you join, you become an owner. Together, you and your fellow members pool your deposits in order to offer loans and other financial services to each other. Here's the big difference that many people overlook. The credit union has no stockholders. We're owned by our members, so the "profit" that we make each year is returned to members in the form of better rates, lower fees, and the ability to offer additional services such as online banking, ATMs, electronic bill payer, and Telephone Teller.

Here's another big difference. Have you ever been invited to attend your bank's annual meeting and vote on the Board of Directors? Probably not. At the credit union, our Board of Directors is elected by the membership, from within the membership. They serve in a volunteer capacity because they want to contribute to the financial betterment of their fellow members. Credit unions are run to benefit the membership, because there are no stockholders.

Ready to switch to a better way to bank? Find out how to join CUofTX.