When partnering with a financial institution, it is important to pick one committed to your financial and personal success. You have two options to choose from–credit unions and banks. This criterion is, ultimately, at the heart of answering the age-old question: Are credit unions as good as banks?
At Camino Federal Credit Union, we have been serving Montebello and surrounding areas since 1941, offering great rates, terms, financial services, and attentive customer service. Our passion is supporting you in building a bright financial future.
Better rates, terms, and customer service? That’s exactly what your banking experience should be.
Are Credit Unions As Good As Banks?
Credit unions offer some unique advantages to members that often make them superior financial institutions. From savings to superior member service, read on to learn what distinguishes credit unions from banks.
Savings
Savings are probably one of the biggest advantages if you’re asking yourself, Are credit unions as good as banks? Generally, credit unions offer lower interest rates and minimum fees when compared to banks, enabling members to realize more savings.
Services and Products
Credit unions offer the same basic services and products as banks but with a greater level of care and personalization for members.
Many credit unions, like Camino Federal Credit Union, offer several credit card options and loan types, from mortgages to auto loans. And, as we mentioned, members often enjoy lower rates and fees with them to boot.
On top of that, credit unions also offer online and mobile banking services and global ATM access. Credit unions are also federally insured for deposits up to $250,000.
Member Service
An important feature of credit unions is that they are not-for-profit and member-owned. As a result, their top priority is serving their members rather than making a profit. This characteristic provides members with a superior and friendlier level of service.
When you partner with a respected financial institution like Camino Federal Credit Union, you can rest assured you are working with experienced professionals committed to finding the right banking solutions for your needs and goals with the compassion of a neighbor.
Apply to Become a Credit Union Member Today
Are credit unions as good as banks? Now, the answer should be clear. Credit unions are not only as good as banks, but when you partner with a respected financial institution like Camino Federal Credit Union, they offer several benefits that make them a superior banking option for many people.
To learn more, visit us at caminofcu.org, call us at 800-835-3400, or apply on our Become a Member page to start building a bright financial future.