You work hard for
your money. But is your money and your financial institution working hard for
you? As of 2019, there were 120.4 million credit union members in the United
States. So why should you join the movement and switch from a traditional bank
to a credit union?
1. Choose Your Checking. Credit unions operate in
the best interest of their members, and one way they do that is by offering accounts
that are tailored to their members' different individual lifestyles. Telhio
Credit Union offers three
checking account options with features like local discounts, cell phone protection,
roadside assistance, a health savings card, and anywhere banking tools, to name
a few. Plus, fees for banking errors like overdrafts are often times lower at a
credit union versus a typical bank, so you get more for less when it comes to
your checking account!
2. Credit Unions are Not-For-Profit. While big
banks are owned by stock holders, credit unions are actually owned collectively
by all of their members. That means that the credit union uses its earnings to
benefit members with things like higher returns on deposit accounts and lower
rates on loans. Telhio Credit Union offers great rates and flexible terms on
all loans, whether you're looking for a
new home, a new car, or even a recreational vehicle.
3. They're Here for You. Credit union members can
expect to receive more personalized service. Some may even be able to approve
loans for their members that big banks won't finance. Credit unions are also
committed to the financial wellbeing of their members. That's why Telhio Credit
Union offers free financial
education services like Money iQ, Greenpath Financial Wellness, and the Money
Mammals kids club to help members better understand their own finances.
In addition to
being a better option for members, many credit unions are active members of
their local communities, promoting both economic and social well-being. So
if you're interested in putting your money to work growing your local economy
and giving back to your community, join a local credit union today! For more
information about Telhio Credit Union, visit www.telhio.org.
