Why Loans from Credit Unions are Perfect for Younger Generations
Why Loans from Credit Unions are Perfect for Younger Generations
Millennials and Gen Z are in the stages of purchasing homes, starting families, and making other huge financial decisions. While credit union loans are perfect for all stages of life, they’re especially useful for our younger generations that are just getting on their feet.
Though exciting, purchasing a home for the first time can be intimidating. Unlike banks, credit unions are there to walk younger generations through the process while answering any and all questions. Remember that credit unions lend out money invested by other credit union members, which, in return, allows for loans with lower interest rates than banks. Unity Catholic also offers online mortgage calculators. Simply enter your total mortgage amount, the term of your mortgage, and your interest rate. Unsure of how much house you can afford in the first place? We also have a calculator for that!
The low rates don’t stop with real estate loans! Unity Catholic also offers affordable auto loans for both new and used vehicles. Before applying for a first-time auto loan, Millennials and Gen Z can familiarize themselves with the car-buying process by reading the provided Auto Loan Finance Money Ed article. We supply information that helps Millennials and Gen Zers make smart, confident, financial decisions that leave them with the best cars for the best prices.
Unity Catholic also offers the perfect VISA® Credit Card for youths. There are absolutely no annual fees and no costs to use it unless month-to-month payments are carried. By simply making payments on time and keeping credit scores in excellent condition, this card is absolutely free! Plus, Unity Catholic offers Apple Pay and Samsung Pay. Many Gen Zers have grown up paying for purchases electronically, and before we know it, paying with a smartphone will be the primary way to purchase goods.
Unity Catholic is here to help Millennials and Gen Z establish themselves financially as they make their first major financial decisions. Apply to be a member with us today!