What Financial Services do Credit Unions Offer?

If you're looking for financial services, you may wantstudent loans and signature loans.
to consider checking out what your credit union hasIn addition to loans, many credit unions offer
to offer. Many credit unions today offer more thanadditional financial services. These include dividend
just a checking and savings account, they'vebearing checking accounts, which usually carry no
expanded into upgraded financial services tailored tofees and pay better interest than most bank's
meet many needs.savings accounts, and higher rate certificates of
Credit unions are cooperative banking and financialdeposit. Most now offer low or no-fee access to
companies. They are usually non-profit and cater to aautomated teller machines and debit cards that can
particular group of people that work or live in thebe used almost anywhere. Credit cards are also
same place, for example. Credit unions are owned byavailable at most credit unions, with discounted fees
the accountholders, who also participate in theand more reasonable interest rates making them
management and direction of the company.more attractive than national offerings.
Today, credit unions offer more than just checkingOther financial services that you can expect to find
and savings accounts, although these low-cost basicat your credit union include stock brokerage services,
accounts are the reason most people join. Mostmutual funds and personal financial planning. Some are
credit union savings accounts pay slightly more thaneven offering individual retirement accounts and
their counterparts at for-profit banking institutions.insurance coverage. Of course, choosing someone to
Credit union checking accounts usually carry lesshelp with your financial planning is an important
restrictive requirements and lower fees than those atdecision, but consider the helpful folks at the credit
banks.union when you are investigating your options. You
Credit unions have expanded into the realm ofmay find that not only are their fees lower, but they
financial services as well. Most offer loans for aoffer many of the same types of products as other
variety of needs, including personal loans, automobilefinancial planners.
loans and mortgage loans. Interest rates are usually aCredit unions offer many financial services today, and
bit lower than those at other commercial lenders, andthere is one out there for almost anyone. Check
sometimes their qualification requirements are easieryour local phone directory or online and you'll most
to meet. Before shopping for a automobile, boat,likely find one that you'll qualify for. Since today's
motorcycle or home improvements, you may wantcredit unions are federally insured up to $100,000 by
to consider talking to your credit union. Shopping withthe National Credit Union Administration, your deposits
a pre-approved, lower rate loan from your creditare safe. When you start looking for financial
union increases your bargaining power and yourservices, consider your credit union as well. You'll be
buying power. Many credit unions can also writesurprised at what they have to offer today.