Joining a credit union introduces a variety of benefits to those who join. Since you as a member are also an owner, a credit union can offer you a wealth of perks. Credit unions are financial institutions owned and operated by their members as opposed to traditional banks owned by shareholders.

Credit union membership is focused on being people-centric by helping you save money, offering competitive loan rates, and encouraging community involvement. Below we share how to get the most out of your credit union membership.

COMPETITIVE RATES

At GHS Federal Credit Union, we aim to offer the best deals because we aren’t under the influence of outside investors who are usually focused on increased profits at the expense of customers. We can keep loan rates low, pay more interest on savings accounts, and offer free checking to all members.

One of our many benefits allows members to choose automatic loan payments and reduce the interest rate on a new loan with us by 0.25%. Low loan rates and high dividend rates are common at most credit unions. That’s because we’re not here to make a profit – we’re here to serve our members.

LOW TO NO FEES

The fees associated with credit unions tend to be lower because of the ability to reinvest earnings back into members like you! We offer the convenience of fee-free ATMs easily found in national and regional locations.

With overdraft coverage options, you’re covered by the automatic transfer of funds to your checking account from another account for free. Covering an overdraft from a line of credit may incur a small fee but is still an option if needed. The lower to no fees helps you save and grow your money best with a credit union membership.

Plus, with free online and mobile banking, it’s more convenient than ever before to access your accounts, pay your bills, transfer funds, and more. Have peace of mind knowing we have your security and safety top of mind, too.

MEMBER AND COMMUNITY FOCUS

As a nonprofit business, credit unions rely on memberships to continue operating. We truly care about our members and want you to be successful. We pride ourselves on top-notch customer service and strive to give personal attention to our members.

Another benefit of credit union membership is the free resources provided in the form of financial education. For more specific financial education topics, take a look at our blog, which offers helpful financial tips and up-to-date banking news!

No age is too early to start learning good money habits. We keep in mind our youngest community members by offering youth and children savings accounts. The application process is simple and we offer special rewards – piggy bank included!

Credit unions also commit to investing in local communities. Our goal is to improve the lives of the people within our membership base and add value to the community in which they operate. In fact, our community calendar can alert you to upcoming events near you!

CREDIT UNION MEMBERSHIP IS ALL ABOUT YOU

Since 1940, GHS has operated under the philosophy of serving our members. We are not for profit and we aim only to help our membership community succeed.

Now that you know the benefits of credit union membership, consider making the switch today. We even make that easy! Check out our easy switch kit to learn how to move your money to GHS Federal Credit Union. We are excited to meet you!

HOW TO MOVE YOUR MONEY TO GHS FEDERAL CREDIT UNION (EASY BANKING SWITCH KIT)