Reasons to consider the NC state credit union

Posted by Jane Edison on November 29th, 2019

 Because such institutions are bigger, more popular and they are more familiar to people, especially being conveniently located near their location. However, the NC state credit union has been brought to people’s attention and for all the good reasons. Many don’t believe they can choose the Winston Salem federal credit union, since they know there are membership requirements and they don’t knoe the differences exactly.

There is a lot to think about when it comes to the NC state credit union and there are many considerations as well. It is true that banks have great advertising campaigns and they know how to attract people, get to their brain and spread the idea that their money is safe and they have many benefits if they become clients. However, this is not always the case, as in terms of benefits you will be surprised of what unions have to offer, how they treat members, the fees and interest rates applied and the level of customer service. This is something that should make people think twice when they need to choose a financial institution.

The NC state credit union is operated by its members and the main focus is on pleasing them. Even if they are non-profit cooperatives, in case they do make a profit, it is returned to members, not as money directly, but in the form of lower fees, better interest rates and great services provided for free, such as mobile and internet banking. Bank clients often have to pay many fees and in many cases, they don’t even know about them or what they mean. In fact, you are paying the shareholders, because they are the ones deciding to increase fees or add some more or lower interest rates on deposits. Is this what you really want? Your money can go in a better direction.

A Winston Salem federal credit union is not just another financial institution, it is a group of people that share the same interests and which are often part of the same community. In many cases, membership is based upon where people live, study, work, worship or even if one of your family member is already a member. Everyone is working together to meet their goals and assist one another. The principle behind this is that the money you deposit will help another member obtain the needed loan. There are additional programs and activities to assist the community as well, such as charity activities, educational programs, scholarships and more. Many members volunteer to help the less fortunate.

It is important for each person to understand how to manage their money and this is something the Winston Salem federal credit union wants. To meet this purpose they invest time and money into free services, including seminars and workshops to help the community understand more about budgeting and how to save money, manage expenses and more. People will be able to take better and smarter decisions and improve their life. A common misconception is that money within unions is not secured and only banks provide this assurance. It is certainly not the case, because unions are insured by the National Credit Union Association (NCUA). All deposits are protected and additional insurance is available, in case you want to protect your assets even more.

The range of services provided by unions is diverse and no matter if you need a checking or savings account, you can open one without hesitation. Those looking into obtaining a loan have high chances of getting it, no matter if it is about a mortgage, car loan, and business or personal, your application will be considered and analyzed. If you happen to start a business or develop an existing one, you can do it with the right support. These cooperatives have everything you could need and solutions you didn’t even think about, including college savings or retirement plans. If you want to put it simple, unions are better and offer more personal service, which is always appreciated. Whenever you need to reach customer service, someone helpful will be at the end of the line.

Are you thinking about opening or account or getting a loan? Why not join the NC state credit union and find out how they can assist? There is no need to waste time and money in the wrong place, when you can become a member of the Winston Salem federal credit union and take advantage of the services and products offered.

Jane Edison

About the Author

Jane Edison
Joined: September 9th, 2019
Articles Posted: 103

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