Credit unions are available around the globe, all with the aim of providing convenience and benefits for members. A credit union’s ultimate mission is to serve their members in the most consumer friendly way possible. Check out the following advantages provided by credit unions and you’ll see why you and your credit union are a match made in financial heaven.<\/p>\n
Accessibility and Eligibility. <\/b>There are currently over 7,500 credit unions in the nation that hold $916 billion in assets and more than 91 million members. Credit unions are defined by their charters and members typically share a common bond or a group of common bonds. To join a credit union near you, check if you are eligible for membership. Such bonds include sharing the same employer, belonging to a church or organization or simply being a part of the same community.<\/p>\n
No Profit Focus, Fewer Fees. <\/b>Because credit unions are owned and operated by their members, there is not a focus on profits. Credit unions can establish better pricing for products and services. Credit unions offer fewer fees, better rates on savings and lower rates for loans when compared to large banks.<\/p>\n
Insured Deposits. <\/b>The National Credit Union Shared Insurance Fund insures all federal and most state-chartered credit union members for deposits. Each member at each credit union is insured up to $250,000.<\/p>\n
Community Oriented. <\/b>As a financial institution in which all members share a common bond, credit unions tend to boast high community involvement. Credit unions are designed to help all members help each other. It seems only logical for those members to give back that philanthropic attitude to the rest of their community.<\/p>\n
Shared Income. <\/b>Unlike banks, which share profits with shareholders, credit unions disburse profits to members via dividends. A credit union’s surplus income is a direct incentive for their members.<\/p>\n
Extensive Services. <\/b>Credit unions focus on personalized services to encourage financially stablity. Just like banks, credit unions offer advanced services like mobile banking, to keep up with modern technology and an increasingly tech-savvy market. Credit unions offer services like:<\/p>\n For more information about our unique services and how to join a credit union near you<\/strong>, contact the financial professionals of Valley Federal Credit Union at the Brownsville location at 956.546.3108.<\/p>\n Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div> Read more ...<\/a><\/p><\/div>\n
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