http://oceanadesigns.net/images/granite/forest-blue/forest-blue.jpg Credit unions have a lot to offer. What’s more, many are dropping membership requirements to make it easier for anyone who wants to join to do so. Here are seven of the many good reasons you should consider joining a credit union.
1. Superior Service Credit unions typically offer far better service than banks do because, unlike banks, their priority is to please their members rather than shareholders. In fact, you may even be allowed to vote on the policies that can have an impact on your account.
2. Help for Those with Poor Credit
Credit unions do not automatically disqualify you from obtaining a loan even if you have poor or bad credit. Instead, they will offer personalized assistance so you can get the loan that is just right for you. Additionally, many offer programs to help members create and stick to a monthly budget.
3. Great Interest Rates on Savings Accounts
A local credit union is likely to offer a higher interest rate on your savings account than a local bank, thanks to the fact that they are non-profit organizations that don’t have to pay federal income taxes.
4. Low-Interest Loans
Worried about high interest rates on loans? Good news: Credit union loans typically have a lower interest rate than those provided by other financial institutions.
5. The Personal Touch
It is not uncommon for bank customers to have a hard time getting in touch with a particular person at a bank. This is not a problem for members of credit unions. In fact, these small, personal organizations often know their customers by name.
6. Lower Fees
Credit unions don’t charge for many services that banks charge for, and other services are often offered at a lower price than local banks provide. Overdraft fees are relatively low, and most credit unions don’t charge for ATM services or require members to keep a certain amount of money in their accounts at all times.
7. Community Support
Local credit unions understand the importance of supporting the community. They often donate money to local charitable projects, help aspiring small business owners get financing and much more.
You don’t have to close your account at a local bank to become a credit union member; you can have two accounts and enjoy the benefits of both. If you are looking for a reliable option in Georgia, you may find that Coosa Valley Credit Union is the right option for you. You’ll enjoy access to half a dozen branch offices in the state, as well as a wide range of services, including loans, credit and debit cards, savings and checking accounts, insurance, security and resources to help you manage your finances as efficiently as possible. Find out how to join Coosa Valley Credit Union today.