Tuesday, October 17, 2017

International Credit Union Day: Dreams Thrive Here

Are you as excited as we are to celebrate International Credit Union Day on Oct. 19, 2017?

It’s 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. It’s also a day to have fun! We will have cider and donuts at all of our branches on October 19 to celebrate ICU Day so make sure you stop by!

Each year, CUNA and the World Council of Credit Unions choose a theme for ICU Day. This year’s theme, which was selected via an online poll of credit union professionals, is “Dreams Thrive Here.”

As a credit union member, you know this statement is true. Credit unions help your dreams thrive by helping to make them possible. In the spirit of ICU Day, let’s take a quick look at four factors that make credit unions the best choice to allow your dreams to thrive.

1.) Members first 
As a member of a credit union, you own a piece of the organization. That’s why it’s often referred to as a cooperative. Your credit union only wants what’s best for you. This means we can focus on offering superior service and policies that are as member-friendly as possible.

2.) Lower fees 
Banks earn much of their profit through fees and pushing unnecessary products on their customers. While a credit union will also have fees attached to products and services, these tend to be lower than similar fees you’ll find at a bank.

3.) We’ve got your back 
A credit union will be willing to work with you through rough patches. While a bank is more likely to turn down a borrower who has a poor credit history, a credit union member representative will be happy to meet with you and work to find a loan that best suits your needs. If necessary, we can also help you learn the basics of budgeting and may offer programs to help you cover unexpected expenses.

4.) Better dividend rates 
Credit unions offer higher dividend rates on savings accounts and lower interest rates on loans. We only need to cover operating costs, and all the money we save is passed down to our members in the form of favorable rates, enhanced services, community giving, increased operations and more.

As you can see, we’ve got lots to celebrate! Stop by on Oct. 19 so we can show our appreciation and celebrate everything that makes a credit union special. Can’t wait to see you!

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Community Financial Credit Union, P.O. Box 8050, Plymouth, Michigan 48170-8050;
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Federally insured by NCUA.