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Oregon First Community Credit Union
How to Find a Credit Union
A credit union is a profit sharing, financial co-operative run democratically by the members of the union itself. Credit unions serve people that share something in common such as an employer or place of worship. 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.
Today, most people have access to a credit union by virtue of where they live or work. With a mere $5 (or maybe a bit more) deposited into a credit union account, you've become a shareholder, instead of just a customer like at a bank. However, there is another option that many people don't know exists: the local credit union.
You can get a loan for the new bike you’ve been wanting or just a nice stereo system you’ve had your eye on. There may be a credit union covering the particular industry/place of employment where you or your partner work so it may be worthwhile contacting your payroll department or union representative. Members can receive cash-back rewards at various merchants.
Besides interest rate and loan amount, there is another important element of a car loan – monthly installments. Besides interest rate and loan amount, there is another important element of a car loan – monthly installments. And then, there is service. There are still a number of smaller credit unions in existence so be sure to ask about the services offered before you join. There are still a number of smaller credit unions in existence so be sure to ask about the services offered before you join.
Looking around can pay off in spades.
Compare the advantages and disadvantages of getting a car loan from a lender and a credit union. All you have to do is compare them all by convenience, rates, products and services. Small credit unions are able to generate a surprisingly high quantity of income and are comparable to banks in this regard.
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