Shopping Local Pays

Local credit unions, like Honor CU, are here to support the local communities and so are locally owned businesses!  Just this month, we celebrated CU Lunch Local, a cash mob that encouraged everyone to spend their lunch hour at a locally owned restaurant to support their local community.  Credit unions believe in people helping people and shopping locally is a great example of how you can help support the people and businesses in your own community.  Here are three reasons that should make you reconsider the places that you prepare to spend your money as the 2014 holiday shopping season fast approaches:

•       Your pennies stay local – You’ve worked hard to save the pennies in your mason jar, so when it comes time to take a few out don’t you want them benefit the community live in?  45%-58% of a local business’ profit stays in the local community versus only 13%-33% of a national business’ profit!
•       Local Passion – Many locally owned businesses have been started from the ground up by owners that are truly passionate about what they do.  With that passion comes a level of expertise and customer service that you can often not find in the big box stores.
•       Main Street Economics – On the same lines of keeping profits local, local businesses fuel the local community with local job opportunities.  So when you spend your pennies local, you are not only supporting that particular business but your own local economy!

Don’t forget to follow us on twitter @honorcu and let us know what you want to hear about next week using #askhonorcu!  

Source - http://www.cuinsight.com/top-5-reasons-credit-unions-should-encourage-shopping-locally.html