With so many options on every corner, how do you know which financial institution is right for you? Furthermore, what’s the big deal with ‘credit union vs. bank‘?
The answer is simple–credit unions are owned by their members (those with an account at the credit union) and banks are typically controlled by stock- or shareholders. Additionally, decisions are made on the local level with credit unions by a board of directors with one purpose in mind–to simplify the financial lives of our members.
The most common misperception of credit unions is that we’re all about credit–credit cards and loans–and, while we do offer those products, we’re less about pushing products and more about pushing the philosophy of “people helping people”. We understand that, while banking is important, it shouldn’t be the most time-consuming, stressful part of your day. Instead, we believe our products and services should, in fact, add value and help you afford life. In a time when just about everything can be done digitally, our aim is to not only keep up with the technological advances of the banking world, but to remain personable and approachable. Our members do have member numbers, but they also have names and stories, hopes and dreams, just like each one of our employees.
Since 1953, MembersFirst Credit Union has existed to serve. By making sound credit decisions and listening to our members, we’ve built a credit union which stands well-capitalized and able to cater to the needs of our Sponsor Groups, their family members and the communities in which we’re located.
If you’re looking to make the switch for a better financial outlook, look to us, MembersFirst Credit Union: Your finances. Your credit union. Your life…simplified.