Should You Switch to a Credit Union?
Posted by Belco Community Credit Union on December 25th, 2018
How do you feel about your banking experience? Are they feelings of disenchantment and frustration? Are you looking to make your money work for you? If the answer to these questions is yes, then you should consider switching to a credit union. There are many reasons why considering a Pennsylvania credit union is a smart move.
Advantages of Switching
There are numerous advantages to making a PA credit union your money’s home. Let’s take a moment and consider a few:
• Competitive rates on home and auto loans -When you use a bigger bank, you may notice that they are all about the bottom line. However, when you use a credit union, the advantages work more toward you as a member.
• Better return on investments– Credit unions work for you. They are committed to seeing you succeed in your goals. Credit unions are owned by members, therefore, the profits are returned to the members, not stockholders.
• Free checking accounts - Keep more of your money where it belongs, in your account.
• Free ATM access - Say goodbye to ATM fees!
• Financial aid services - Fix your credit and work on becoming financially secure. Come in and talk with a credit union representative to see how their rates can help save you money.
• Educational programs for kids - Start saving now, and send your kids off to college with a nest egg that earns interest while they are growing up. Get your kids excited about saving for their future, and let them help grow their own success.
Why Should You Switch?
Pennsylvania credit unions such as Belco have a step up when it comes to competitive rates and savings. Big banks are for profit, which means they have to pay out investments to anyone who buys stock in their company. Credit unions are not-for-profit, and members are the ones who will benefit. Credit union members can then benefit from better interest rates.
When you decide to join Belco Community Credit Union in Pennsylvania, some rules and criteria must be met before becoming a member. You’re eligible to join Belco if you live, work, worship, volunteer or attend school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or York counties. This is not meant to discourage anyone from applying, it does the exact opposite. As a member, you are allowed a vote, which gives you a say in decisions that are being made within the credit union, and any surplus profits are to be distributed back to members.
The best credit unions in PA are working with their members to help them meet financial goals and freedom.
About Belco Community Credit Union
Belco Community Credit Union provides unparalleled excellence through its variety of products including members-only checking, savings, loans, business services, and investment vehicles. To find out more about Belco Community Credit Union, visit www.belco.org.
