SeaComm Federal Credit Union OFFICIAL BLOG

4 Ways a Credit Union Membership Saves You Money

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Credit Unions are not-for-profit financial institutions, which means they aren’t focused on making money, rather, they strive to offer better products and services to their membership. Continue reading to learn 4 ways a credit union membership could help to save you money, and also earn more!

 

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Some are part of CO-OP ATMs and Shared Branches. SeaComm, as well as many other credit unions, are part of CO-OP, which is an organization that provides credit union members with access to more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide. This means that as a SeaComm member, you are able to conduct your regular transactions at another credit union or ATM without having to worry about paying fees! To learn more, click here.

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They offer lower loan interest rates. When shopping around for the perfect loan, you’re likely to find one that will cost you less at a credit union. On average, credit unions offer lower interest rates on loans compared to commercial banks, costing you less in monthly payments and allowing you to apply more to your savings!

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They have less service fees. Credit unions have a well-earned reputation for offering lower fees on their checking accounts than banks. SeaComm, in particular, offers a free checking account to its membership. As a member, you can use your checking account without worrying about monthly charges or transaction fees. To learn more, click here.

 

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Credit Unions work with borrowers. They concentrate on helping members with life’s events, big or small. An individual who would be considered an undesirable customer by a commercial bank, might be seen entirely different in the eyes of a credit union. As a community-oriented financial cooperative, SeaComm strives to help borrowers in any way possible. To learn more or to become a SeaComm member, today, click here!

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