NAFCU Gives Customers 5 Reasons to Choose Credit Unions Over Banks

Thursday, November 10th, 2016
Updated: November 10th, 2016
The content is accurate at the time of publication and is subject to change.

Many people think that there’s no alternative to traditional banks. They may grumble about paying fees and maintaining minimum balances, but in the end, they stick with the familiar and don’t stray from the big bank experience. However, there is another option – and credit unions are trying to get the word out about all they have to offer.

The National Association of Federal Credit Unions (NAFCU) has issued a bulletin giving folks five reasons to switch from their bank to a credit union. “With membership reaching nearly 105 million, it’s clear that people appreciate…values that put members first and ensure outstanding service, competitive rates and low fees,” said Dan Berger, president and CEO of NAFCU. Berger said credit unions help people realize their dreams of owning a home, buying a car, and growing a small business.

Berger also pointed out that Millennials are one of the driving forces behind climbing credit union membership numbers. He said growth among this younger generation is telling, proving that the values of credit unions are “timeless.”

The five benefits of credit unions over banks, according to NAFCU, are:

1. They put people before profits. Members are actually the owners of the credit union, so they get a say in how it’s run. Volunteers staff the board of directors at a credit union, and any profits go toward members, in the form of lower fees and more competitive rates.

2. They make joining easy. You can find a credit union to join at www.culookup.com and apply online. It usually only takes a few minutes to open your account and transfer funds.

3. They offer lower fees. More credit unions offer free checking, compared with traditional banks. 76% of credit unions offer free checking, compared with 37% of banks. Opening an account costs as little as $5 at most credit unions.

4. They offer low interest. Credit unions also offer credit cards for people with all levels of credit. Customers with good credit can get a credit card with a great low-interest rate.

5. They’re convenient. Many credit unions offer shared branches, giving members access to credit unions across the whole country. ATM access is free at many locations, as well.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Good Credit Credit Cards News

Wednesday, August 5th, 2020

At the moment, COVID-19 still remains the burning issue of the day. In this regard, food delivery from restaurants is more in demand than ever. One of the largest credit card issuers, Capital One, understands this and therefore offers its customers the opportunity to get additional bonuses on food delivery. To be more precise, now […]

Thursday, April 23rd, 2020

It’s not a secret that when the coronavirus started to spread rapidly throughout the world, most countries closed the borders forcing companies working in the travel sphere, including airlines, hotels, etc., to suspend their work. People had to postpone their trips and stay at home until the end of the pandemic. Therefore, redeeming accumulated credit […]

Friday, February 14th, 2020

Barclays, one of the largest UK banks, has just introduced its Q4 2019 earnings report. In a nutshell, it indicates the main year results in different spheres. To a large extent, the statistics concern the UK department. However, there is something interesting about its associate in the USA. The report says that Barclays International “Established […]

Friday, October 18th, 2019

Yesterday Venmo, a service owned by PayPal, that allows their account holders to transfer funds to others via their mobile phone app, announced its new credit card. The credit card will be issued by Synchrony Financial whose partnership with PayPal has earlier brought us the PayPal Extras Mastercard and the PayPal Cashback Mastercard. According to […]

Wednesday, July 31st, 2019

American Express has recently announced their new no annual fee credit card for small businesses – the Blue Business CashTM Card. But should small business owners pay attention to it? Amex states that the Blue Business Cash cardholders can enjoy generous cashback rewards together with worthwhile multiple perks. Let’s find out how matters stand in fact.

Best Credit Offer
Indigo® Platinum Mastercard®
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Badcredit.com Badcredit.com
Copyright © 2001-2020 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.