In this article, you will find out what a credit union actually offer to its members.
Credit unions are organizations that offer services to customers. People can do whatever
they want to do in a bank in these organizations.
If you are confused, We strongly recommend you take a look at the "What is the differences between banks and credit unions" article.
There are some examples of offerings of a
credit union. However, these offerings vary according to the credit union. People should find
the best credit union which satisfy their need.
Thanks to this website, you can find easily a credit union that you are looking for.
Best Credit Unions according to their Total Assets
Credit Unions that provide Lowest Loan Rates
Savings Accounts: People can keep their cash safely and earn interest rates by using credit unions. Saving account is called ‘share account’ in credit unions because people own the credit union partially. There is a limitation for transfers at saving accounts which is usually six per month.
Checking Accounts: Members of a credit union can have debit card which can be used to withdraw money on ATM and to pay on internet. Also, although checks are out of date, credit unions provide a useful way to write checks. In addition to these, people can pay bills online by using credit unions. They can pay any expense online.
Certificates of Deposits: Credit unions provide powerful saving accounts in which you can earn more than regular savings if you guarantee that you will keep your money in certificates of deposits for some period of time.
Loans: Credit unions offer home loans (mortgages), auto loans, personal loans (signature loans) and credit cards.
Other services: Safe deposit boxes, money orders and official checks are some of the other examples of offerings. Large credit unions usually offer more things than smaller credit unions. The customer should evaluate these offerings carefully before being a member of a credit union. When the proper credit union is found, becoming a member is as easy as opening an account in a bank. As we mentioned in the other article, the customer should be qualified in a number of ways to join that credit union like job, location, family, group memberships etc.