Have you ever wondered about the actual benefits of joining a credit union? In the US, there are nearly 7,000 credit unions, with more than 100 million members, according to US News and World Report, so there must be some advantage to opening an account with a credit union such as Coosa Valley Credit Union, instead of a bank.

As it turns out, there are hard facts and figures that back up the claim that credit unions offer more to their members than many other financial institutions. The Georgia Membership Benefits Report, published in December 2015, estimates that credit unions in the state offered their members (more than 2 million statewide) a total of $184,788,010 in direct financial benefits throughout 2015. Those benefits came in the form of lower interest rates on loans, higher rates on accounts and lower fees, compared to banks. Want to know more? Click here to read the full blog post, originally published on Coosa Valley Credit Union’s website

Have you ever wondered about the actual benefits of joining a credit union? In the US, there are nearly 7,000 credit unions, with more than 100 million members, according to US News and World Report, so there must be some advantage to opening an account with a credit union such as Coosa Valley Credit Union, instead of a bank.

As it turns out, there are hard facts and figures that back up the claim that credit unions offer more to their members than many other financial institutions. The Georgia Membership Benefits Report, published in December 2015, estimates that credit unions in the state offered their members (more than 2 million statewide) a total of $184,788,010 in direct financial benefits throughout 2015. Those benefits came in the form of lower interest rates on loans, higher rates on accounts and lower fees, compared to banks. Want to know more? Click here to read the full blog post, originally published on Coosa Valley Credit Union’s website.