Services Credit Unions Offer
Unfamiliar with credit unions and what they do? More importantly, what they can do for you? We understand, and we're here to help! Below, we've provided a list of some of the common services offered by credit unions. You'll see lots of familiar services as well as some new, additional perks. Learn how these organizations can benefit you!
Services Offered by Credit Unions
Credit unions offer many different types of loans, from consumer loans (those you take out for a car, student fees, or personal spending, for example) to mortgage loans to business loans. Whatever you need funds for, a credit union can usually help you reach your goal. The difference between loans from a bank and loans from a credit union is often what makes the latter so appealing—because credit unions are owned by their members (rather than shareholders), there is less burdensome red tape to cross when applying for loans. That means less paperwork and more flexible standards for those needing funds!
Checking and savings accounts.
Everyone needs a safe place to keep their money. Whether you're looking for a way to regularly access your money or a place to let it sit and grow, you can get it through a credit union. And with this comes other common features you associate with banking accounts—ATM access, debit cards, and checks. An account with a credit union will usually have low fees and other bonuses, like free checks.
While they're not necessary for your financial health, credit cards are a great way to build credit, make payments easily, or have funds in an emergency. Most credit unions offer credit cards—usually a couple of options to suit different people in different financial situations. Credit cards from a credit union often provide lower interest rates to their members.
Credit unions also offer ways to build upon your money through investments. One example is through an Individual Retirement Account, or IRA. This account lets you invest up to a certain amount to accrue interest and be put towards your retirement. The funds aren't taxed until you withdraw them.
Online and mobile banking.
Today, it's difficult to manage your money effectively without using technology. Many credit unions have online banking and even mobile apps, making it easy for you to check your balance, transfer money between accounts, view your transactions, pay bills, and accomplish many more tasks.
Now that you know the services offered by credit unions, are you interested in joining one? If so, be sure to check out BluCurrent Credit Union—we provide all of the services listed above! With our two locations in Springfield, one in Nixa, and online/mobile banking, we make it easy for you to take care of your finances. Plus, we offer nationwide ATM fee refunds with our checking accounts! We'd be happy to get you more acquainted with our organization, so feel free to stop by one of our branches or explore our website. We can't wait to meet you!