What's the Benefit of a Federal Credit Union Compared to a Bank?
A credit union is member focused rather than profit focused, which is what most banks are.
The interest rates and fees that are charged for a federal credit union credit card are significantly lower when compared to the bank, as they do not operate for profit.
There are a number of people who are opting for a federal credit union credit card as the interest rate is much less, which is a big benefit during our current recession.
Financial Center, which serves members in the Indianapolis area, offers a number of products and services that are useful to credit union members. Our credit union also offers its services to military and civilian personnel stationed overseas.