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First Financial Community Credit Union
What is a credit union?
The standard means of obtaining credit via banks has become so widespread that it is easy to believe there is no other option, but there may be an alternative in the form of the little known credit union movement. Credit unions serve people that share something in common such as an employer or place of worship. Credit unions are community-based financial cooperatives that are owned and controlled by members who are also shareholders.
However, there is another option that many people don't know exists: the local credit union. Historically, credit unions served the employees of one particular company or the members of a specific occupation. The profit made by a credit union is distributed among its members in the form of interest or dividend.
Because credit unions' focus of attention is mainly on customer service, their interest rates are typically greater than what banks can offer and therefore all credit union members benefit. You can ask your employer to consider making the valuable benefit of credit union membership available. If you are part of a labor union, chances are the union has a credit union that allows all union members and their families to join.
There is no need to shop around for a car loan or to ask the car dealer to offer the car on hire purchase since you can always take out a loan from your credit union. Loans are easily available at a Credit Union. The Visa Check Card is perfect for Navy Federal Credit Union members who are frequent travelers. All money management options of the Navy Federal Credit Union come with a free Visa Check Card with worldwide ATM access, free and unlimited access to Navy Federal ATMs, 24/7 online account access via the Navy Federal Credit Union Website, unlimited and free transactions through over 20,000 CO-OP Network ATMs and a variety of options. Looking around can pay off in spades.
For some, this will involve trawling the various banks on the High Street in search of a good rate, while others will turn to the internet and price comparison websites in order to find and compare loan rates.
Credit union elections are based on a one-member, one-vote structure. With its consumer-friendly offers, the Navy Federal Credit Union truly allows members to maximize money management programs without worrying about extremely high fees and rates. With its consumer-friendly offers, the Navy Federal Credit Union truly allows members to maximize money management programs without worrying about extremely high fees and rates.
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