A credit union is similar to a bank. You can get a checking account, savings account and apply for a loan or credit card. However, credit unions are owned by members of an organization. They are non-profit. There are several ways that you can benefit by having an account with one of the credit unions Northlake.
Personalized Customer Service
Credit unions go above and beyond for their members. They are dedicated to making sure that your financial needs are met. They can also counsel you, which will make it easier for you to make decisions.
Lower Rates on Credit Cards And Loans
Because credit unions are non-profit organizations, they offer people better interest rates on loans and credit cards. In fact, you may be able to get a loan or credit card with an interest rate in the single digits. Checking and savings accounts also have lower fees.
Higher Interest Rates on Savings Account
Credit unions are committed to giving back to the community. That is why their savings accounts have higher interest rates. If your account is accruing more interest, then it will be easier for you to reach your savings goals.
If your credit score is not as high as it should be, then a credit union can help. They have credit counselors who can educate you about credit. They will review all your credit report and tell you what you need to do in order to boost your score.
People who work at credit unions are focused on helping their clients reach their financial goals. That is why they can review your financial profile and make recommendations. You may also be able to attend free financial workshops.
If you are interested in joining one of the credit unions in Northlake, then you will need to contact Leyden Credit Union for more information.