Giving Back the Credit Union Way
Posted by GO Federal Credit Union on October 27th, 2018
When choosing where to place your hard-earned money, a credit union is the obvious choice. A credit union is a not-for-profit financial institution that is structured for their member’s benefit. When you choose to place your money in Dallas credit unions, such as Go Federal Credit Union, you are becoming a part of something great. This membership will continue to give back to you for life.
Benefits of Credit Unions in Dallas
As mentioned in the introduction, credit unions are structured as not-for-profit financial institutions. This means that every person who is a member of a Dallas credit union is essentially part of the decision-making body. The power is delegated to the members, not a paid board member.
Additional benefits of credit unions:
● Lower interest rates
● Lower fees
● Better insurance rates
● Higher return on savings accounts and CD’s
With locations in Dallas County, GO Federal Credit Union’s main function is to give back to their members. This means that the benefits listed above are just a few of the perks that members receive.
High Level Returns
Given that credit unions are owned by and work exclusively for their members, the ability to make the cost of credit lower is built into the design. Rather than being focused on earning huge profits for shareholders, credit unions offer members the best possible services and terms. For members, that means lower interest rates on loans and credit cards. It also generally means higher interest rates on savings and other investment accounts. More personalized financial services are also seen with membership.
Based in Dallas TX, GO Federal Credit Union has committed itself to empowering its members through meeting their various financial needs. Like any other credit union, GOFCU is also a not-for-profit financial institution.
Federally insured by NCUA and Equal Housing Lender