Credit unions differ from banks in several ways but now they are beginning to offer investment services in an attempt to lure customers away from banks. Along with offering lower fees, lower interest rates and that personal touch, they also offer financial services.
Callahan and Associates claims that nearly 30 percent of credit unions across the country are starting a new financial counseling service program. This service includes help with investments and brokerage accounts.
The credit unions offer discount brokers and an investment advisory fee but these fees are significantly lower compared to professional money management services. The trader fees may be high compared to such investment services like E*Trade, but these fees may not deter members who seek a personal touch when it comes to their investments.
For more information about investment services or financial planning services, contact the Valley’s first choice for a credit union, Valley Federal Credit Union by calling their Brownsville location at (956) 546-3108.