International Credit Union Day is almost here, and we are ready to celebrate! Here are the four factors that make a credit union outstanding and allow your dreams to thrive.
International Credit Union Day has been celebrated on the third Thursday of every October since 1948. This year it falls on October 21! The day has been designated as an occasion for credit unions all over the world to recognize the history behind the credit union movement, its spirit and its philosophy. It is a day to share your experiences as a member and to reflect upon all the benefits you enjoy by being a part of your credit union…
1. Members first
As a member of SeaComm, you own a piece of the organization. Credit unions are not stuck answering to Wall Street — we only want what is best for you. This keeps our focus in the right place. Instead of working on earning the biggest profits, we can focus on offering superior member service and policies that are as member-friendly as possible. As a SeaComm member, if you are in a difficult situation, you will find representatives who are willing and happy to help you.
2. Lower fees
Banks earn a significant portion of their profits through their fees. While a credit union will also have fees attached to certain products and services, these tend to be lower than similar fees you will find in a bank. What all this means for you is a significant amount of money saved just by choosing SeaComm to handle your finances!
3. We’ve got your back
If you are going through a rough patch, a credit union is willing to work with you through that challenging time. While a bank is more likely to turn down a borrower with a poor credit history, a credit union wants to help you out. Our representatives will be happy to meet with you and work to find a loan that best suits your needs. If necessary, we also offer GreenPath Financial Wellness services to our membership, which entitles you to debt management services, free one-on-one financial counseling, and financial education tools. Click here to learn more!
4. Better interest rates
When you open a savings account or a Share Certificate, one of your biggest concerns is the interest rate. You want your money to grow as much as possible.
Lucky for you, credit unions offer higher interest rates on savings accounts and lower interest rates on loans. Because we are not focused on making a profit, we only need to cover operating costs. All the money we save by focusing on what matters to you is passed down to the member via these favorable interest rates. This means you can save on any loan you may need and that the money in your savings account will be earning at a higher rate, just because you chose SeaComm!
Not a SeaComm member yet? Visit one of our nine convenient branch locations and join our growing credit union family! Click here to join online, or give us a call at (800) 764-0566. Our goal is to help you live your best financial life.