There are many similarities between a credit union and a traditional bank, so how do you decide which one will work best for you? It’s easy—look who has your back. At Ironworkers USA Credit Union, we’re here to grow your money, improve your credit, and make things happen. Here are 10 good reasons to bank with us:

  1. Credit Unions are not-for-profit and profits made are returned to members through lower fees, higher savings rates, and lower loan rates. Banks are for profit with earnings paid to stockholders.
  2. Credit Unions are cooperative, meaning they are member-owned, and each member has an equal vote to elect board members. Banks are owned by stockholders, and their votes depend upon the number of shares they own.
  3. Credit Union boards are made up of volunteers who reflect the membership. Bank board members are paid for their work.
  4. Credit Unions are often local and organized to serve the specialized interests of their members. Banks are open to the general public.
  5. Credit Unions focus on consumer loans, member savings, and services needed by members. Banks focus on commercial accounts, loans, and services that generate income.
  6. Credit Unions focus on members and provide excellent customer service, including low rates and fees. Often, a small Credit Union branch will have tellers who know their customers by sight. Banks try to make as much profit as possible, often through higher rates and fees. In the pursuit of profit, lines at the bank can be long, and tellers can be impersonal.
  7. Credit Unions are more flexible and understanding when it comes to a challenged financial or employment history due to their affiliations with unions and trade groups. Banks have unbending corporate policies, and denials of a loan or credit card to an individual mean little among thousands of applications.
  8. Credit Unions cooperate with other Credit Unions, often sharing resources including the CO-OP ATM Network to make services more convenient for members. Banks compete with one another and have no incentive to cooperate.
  9. Credit Union deposits are federally insured up to $250,000 by the National Credit Union Administration. Banks deposits are insured up to $250,000 by the Federal Deposit Insurance Corporation.
  10. Credit Unions have close ties to the community they serve and strive to give back to those communities. National or multinational interests own banks with no ties to small communities.

Remember, you’re more than a number to us; you’re family. If you still have a loan or accounts at a bank, we can help you move them over to YOUR credit union, to ensure you get all the perks of being in the Ironworkers USA Credit Union brotherhood and sisterhood. Stop by a branch or call us at 1-877-769-4766.


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