What is a
credit union? If you were thinking an
institution that is here to help you manage your finances and improve your
financial position you are right on the money.
While a lot of people can probably tell you that, there still seems to
be a few things that are confusing. Here
are a couple of those questions and their answers to clear the air:
Who can join
a credit union? – Yes, credit unions are special, but you do not have to be in
a special club to join one. While years
ago, you may have been more limited based on where you worked, now most credit
unions are community based. The amazing
financial services and benefits that credit unions can provide are available to
just about everyone! For example, anyone
in the State of Michigan can join Honor CU!
Not for Profit
Status – what does this even mean? Not for profit means that profits made by
the credit union are reinvested back to the members in the form of better rates
and improved products and services. Not
for profit is nothing but a positive thing and should set your mind at ease
when you decide to join a credit union.
You can sleep a little easier knowing that your money is in a safe place
that has your best interests at heart.
How can I
access my money? – A lot of people think that they are limited in the places
they can access their money, like ATMs or credit union locations. The really convenient thing about credit
unions is the nationwide reach of accessible ATM’s and shared branches! You can see the over 35,0000 nationwide
affiliated ATM’s that you can access through your Honor CU account on our
website!
But credit
unions don’t have all the high tech stuff that banks do, right? – WRONG! Just because some credit unions are physically
smaller than the big banks, doesn't mean we don’t have cool and convenient tech
products to make your life easier!
Between Honor’s mobile app, online banking, remote deposit capture, and
text banking there are multiple ways you can access your money 24/7 from
anywhere you are! Credit unions aim to
make your life easier while putting you in a better financial position and
using technology is just one of the ways we are able to do this!
Now that
some of those concerns have been cleared up, you are completely prepared to
talk about how great credit unions are with all of your friends and family,
right? Join a credit union today, and
see how much you can save!
Don’t forget
to follow us on twitter @honorcu and let us know what you want to hear about
next week using #askhonorcu!
Listen to the 97.5 Y-Country's Wild Bill and Honor CU's Kaylee talk about their misconceptions about credit unions on this week's Mason Jar Monday!
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