Why choose the Oregon credit union

Posted by Sarah Addyson on April 24th, 2019

At banks in Portland Oregon you are simply a client and don’t benefit from any other extra facilities. You can simply open an account, make deposits, and get loans and such. It is known that you don’t have access to their internal policies, meetings, everything is exclusive. In the best case, you get some information about updates and changes made to their regulations, at least the ones that affect your account. Clients are restricted to the information they obtain. This is one of the reasons why they try to find alternatives and seek for better services and improved customer service as well. The good news is that one does not have to look very far for them.

As for the Oregon credit union, when you open an account, you don’t become a client, but a member. There are no stockholders, so the interest is not to make a profit, but to satisfy members’ needs. The institution is non-profit, meaning that everyone strives to provide excellent services and friendlier policies. Even those with a lower credit score have more chances of getting the desired loan. Representatives are willing to assist each person into making the right choice and choosing the right product. For instance, if you happen to be out of work temporarily, you can discuss with other members and come up with a solution to make the situation easier. This level of understanding and support is hard to find elsewhere.

Banks in Portland Oregon are known to have higher fees and usually they apply taxes for everything, including checking accounts or withdrawing money from the ATM. This is one effective way of making profit. On the other hand, at a credit union these fees are lower, since the interest is not aimed at making profit. Members experience lower overdraft fees as well. Just imagine how much money you can save and the peace of mind you have that you are not being taxed at every corner and for every step you make. Of course, it is recommended going through policies and applied fees and make a comparison. This is useful to distinguish the two entities and realize the differences and the amount you can save in the end.

Wouldn’t it be better if people could take advantage of low interest rates and higher savings rates? The Oregon credit union is able to offer both of them. Once again, this is because they are not focused on making profits. They need to cover costs indeed, but they are able to please members better. Whenever you take a loan, no matter if personal, to start a new business, expand the existing one, to buy a car, mortgage even and such, you can qualify for additional discounts and end up paying less than imagined. Compared with banks, whenever you make deposits, the interest rates are higher. These institutions can balance rates better and members get the most of the situation. It is no wonder why more and more people are seeking their services and why they are expanding and even collaborate well one with another.

What is important to note is that credit unions have certain rules regarding those who can join. Back in the days, they were strict and not many managed to qualify, as they had to work or live in a certain location, be a part of the community, school or church and such. However, these requirements have become more relaxed and easier to adhere to. Based on your location, you can start looking for the ones within the area and find out exactly how you can become a member. Once you manage to do so, you can benefit from all their services, which are the same as any other financial establishment. You can open a savings account, apply for a credit card, obtain loans and benefit from internet and mobile banking.

Resource Box: Do you still believe that only banks in Portland Oregon can offer you the financial services you need? Don’t hesitate about the Oregon credit union and at least find out what it takes to become a member and what you benefit from afterwards. 

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