Important Benefits of a Credit Union | Tacoma Downtown Merchants Group
A credit union is a cooperative banking association that acts solely on behalf of its members. Members pool their savings and borrow money at an interest rate that is sometimes lower than the interest rate charged by most banks. They are organized between company employees or members of agricultural groups, trade unions and educational, religious and social institutions. Using financial institutions is one of the most important aspects of good money management. At least your money is safe when hidden somewhere in your account. Most financial centres also offer various investment options. Here are some of the most important benefits of a credit union. Superior Customer Support Credit unions can provide individual services to their members, unlike large banks that care more about financial results than people who rely on them to ensure the security of their money. Because they are owned and operated by members, they are generally more accessible. Their goal is not to make more money from