Your money is important to you. You work hard for it and you want to make the most of it. Though it may be tempting to keep it tucked under your bed or stored in a jar in the backyard, those options for storing your money aren’t exactly feasible. There are two options when it comes to placing your money some place securely: A bank and a credit union. Which one is for you? To help you make that decision, here’s a look at the perks of a federal credit union serving Licking County:
- At a credit union, you are a member, or a stakeholder. This means that you are an important part of the facility. A credit union is a non-profit facility and their goal is to pass profits onto you, their member. As such, you’ll receive added member benefits, like low fees and low rates.
- You’ll be able to receive credit cards and loans from a credit union, just like you would from a bank; however, the big difference here is that at a credit union, you’ll receive much lower fixed rates on a credit card or a loan than you would from a bank, which means more savings for you.