As the generation with the freshest perspective on personal money management, credit unions are asking one question. What does it take to earn your business? So a credit union organization recently took to the streets to ask that question.
What they found is that while Millennials know what they’re looking for, they aren’t quite sure where to get it.
So what is a credit union?
Credit unions are financial co-ops. They serve the same function as banks - a place to park your money and get loans. Banks report to Wall Street because shareholders own them. Credit unions are funded by the members who belong to them and are run by an elected volunteer board. Financial Center First Credit Union is a full-service credit union offering traditional banking services as well as business and insurance1 services. We also provide investment services through our broker dealer, CUSO Financial Services. L.P.2
What makes credit unions a better alternative?
Credit unions are member-owned. Profits are invested back in the membership in the form of competitive loan rates, lower fees and technology investments that improve the banking experience. As a part of the "Credit Union Creed", all credit unions focus on making a social impact in their communities. At Financial Center that means delivering personal service to ensure members financial lives improve and supporting other non-profit organizations that benefit the community we all live in. Does your bank do that?
Can you become a member of a credit union?
Absolutely! While credit unions have membership eligibility requirements, they’re pretty loose. You must either live, work, worship, attend school or volunteer in the greater Indianapolis area to become a Financial Center member. That’s it!
Why should you become a member?
Credit unions provide the same banking and convenience services you need. And, when you’re ready to take that next financial step, credit unions can provide the personal guidance you need to make the leap to home ownership, starting a business or making a retirement plan without worry or stress.
Look into what credit unions have to offer. Knowledge and membership are just a click away.