Why Credit Unions Are Better Than Banks

Credit unions have built a reputation for providing excellent customer service, better rates, and lower fees by serving the financial needs of their communities for more than 100 years. And they continue to do so by living the philosophy of "People Helping People."

Credit unions are sound

  • Credit union lending practices have always put their members interests first.
  • Credit unions experience extremely low net loss rates in general—even in current conditions—thanks to a cooperative structure that discourages excessive risk taking.
  • Credit unions are well-capitalized and financially strong.
  • Credit unions can assist in economic recovery and money is readily available.

And they're local

  • Credit unions serve the communities in which they operate
  • Credit unions provide financial education and literacy programs to help you and your family better manage your money.
  • Credit unions reinvest in the community. Remember, credit unions are not-for-profit financial institutions. They still make money, but they give it back to their member-owners in the form of better rates and lower fees on services.