10 on Tuesday: Reasons to Join a CU

Are you thinking about joining a credit union but need a few reasons to make the switch from your current financial institution? Here are 10 of them! In this week’s edition of 10 on Tuesday I put together a list of 10 reasons why you should join a credit union. 

1. Locally-Owned

Credit unions are among the few financial institutions that are locally-owned. 

2. Member-Owned

When you join a credit union, you become a member-owner. If you want it, you have a say in the activities of your credit union.

3. Not-for-Profit

Credit unions are not-for-profit, which means they roll their profits back into the credit union itself. This leads to the next reason to join a credit union.

4. Better Rates

Since credit unions put their profits back into the CU, you’ll get better returns on savings, lower rates for loans, and low to no fees.

5. Competitive Products and Services

Not only do many credit unions match the products and services of other financial institutions, but CUs often exceed the offerings of big banks. From advanced technology to attractive checking account benefits, CUs have it all.

6. Convenience

You can access your money virtually anywhere thanks to the Shared Branching Network. There’s always a convenient branch near you. 

7. Expertise

Have a financial question? Turn to your friendly and experienced CU staff member for help.

8. Customer Service

At credit unions, you’ll never be a number. You’re a member from day one. Credit unions offer superior customer service.

9. Your Money is Safe

At a credit union you can rest assured that you money is safe and insured.

10. CUs Give Back

Maine’s credit unions give back to the community in so many ways. Through the CUs’ Campaign for Ending Hunger, Maine’s credit unions raise money year round to end hunger in the state. Read more about the ways Maine credit unions give back at the Maine Credit Union League website.

Current members, can you think of any other reasons to join a CU?

Kylie K.