3 Common Misconceptions on Credit Unions

3 Common Misconceptions on Credit Unions

Some people may say “Credit Unions are the World’s best kept secret,” however, when it comes to credit unions, many people will turn away. They feel that credit unions aren’t for them or that they aren’t as good as banks. These are just myths. I am here to straighten out the confusion when it comes to Credit Unions!

1. “I’m not eligible to join!”

Actually, you can join! People think you need to be in some secret club in order to join a credit

union. There is a Credit Union for everyone. Many are based off of location, profession, college,

or religious affiliation! In some credit unions, you can even join if a family member qualifies!

2. “There are fewer locations than banks”

Sure, your specific Credit Union might only have a few offices, but many take part in a Branching Network. This means that you can go to any Credit Union that is in the network and do most transactions. Even if you are too far from a branch location, you still have access to an ATM that is only minutes away!

3. “They don’t offer as many services as banks do!”

Credit Unions offer the same popular services as big banks do! Checking and, saving

accounts, loans, online banking, convenient mobile app, ATMS, and more! We here to help you reach your dreams faster.

Credit Unions may be smaller than large corporate banks, but they offer great services and are

just as convenient to use! How do you know if a credit union is right for you? Look up to see where you

can join and the services they offer before jumping into a bank! There are so many options on where

you can keep your money safe, so make sure to do your research and find a place right for you!