At first glance, credit unions and banks seem almost the same. However, there are some specific differences that show why one is better than the other. Credit unions are community-based financial institutions that attract millions of members. This is because they offer many advantages over using a bank. See what makes credit unions in Northlake the right choice.
A Community Focus
Each branch of a credit union is operated by members of the local community. This is in stark contrast to multi-national banks that have a corporate structure. Thus, credit unions are more prepared to help those in the local community. They are also involved in charity programs that directly benefit local causes.
A Better Return
As a member of a credit union, you are also part owner. This means that you can take part in the success of credit unions in Northlake. The resources of the credit union are returned to the members in one way or another. Usually, this results in a lower fee structure and more tailored financial products. Big banks use their returns to grow their business on your dime.
The Co-Op Network
Some people mistakenly assume that they will lose banking access by going with a credit union. This is simply not true. The CO-OP network offered by participating branches allows you to complete transactions wherever you are. Therefore, you don’t have to worry about not finding an ATM or branch out of town. You can always rely on the co-op network to stay connected to your accounts.
To learn more about the benefits of using a credit union, visit Leyden Credit Union, or contact them at 847-455-8440.
