Are you in the process of picking a partner to bank with but don’t know if you should choose a local credit union or a big bank? Do you want personal, attentive service and financial products that come with competitive rates and lower fees? If so, a credit union could be a great option that offers the same financial products as banks to help you reach your goals and build a bright financial future.
At Camino, we have been serving the Montebello community since 1941 with local guidance, financial products tailored to each member’s situation and goals, and a commitment to enrich our cherished community. Learn why a credit union could be a better option than a bank in our blog.
Local Credit Union vs. Big Banks: Choosing the Right Institution
When choosing a financial institution to partner with, you typically have two main choices: local credit unions and banks. Let’s get into what could make a credit union a great choice, from the personalized member experience to the services and benefits they offer.
Personalized vs. Corporate Experience
When working with a local credit union, you will enjoy a more personalized experience and advisors who go above and beyond to help you achieve financial success.
As a credit union member, you are a shareholder, not a customer, and they are not-for-profit. So they are committed to serving you and your needs, not making a profit and providing a more personalized experience.
Also, because you and other members share a common bond of membership, you will receive financial guidance and services that cater to you and your specific community situation and needs.
Community Impact and Social Responsibility
Another benefit of working with a local credit union is their sense of social responsibility and commitment to enriching your community.
Credit unions could help improve your community’s financial literacy to elevate the community. Plus, because credit unions serve their community with affordable financial products and services, they could also help low-income community members reach their goals.
Account Benefits and Services
When you partner with a local credit union like Camino, you receive all the same services you would at a bank to cover your financial needs.
From ATMs to online and mobile banking to mortgages, auto loans, and personal loans to Certificate accounts, you will have access to all the financial products and services you need to reach your financial and personal goals.
Plus, because credit unions are not-for-profit, you could get lower interest rates on lending products, higher deposit yields, lower fees, and deposits federally insured by the National Credit Union Administration (NCUA) up to $250,000.
Do You Want Better Service and Financial Products and Services to Meet Your Needs? Join Camino, a Local Credit Union!
If you desire a great banking experience tailored to your needs and goals, partnering with a local credit union like Camino could be a great option. You deserve to work with a financial institution dedicated to helping you achieve your financial and personal goals and enriching your community.
Open an account at Camino and speak with a member advisor to start laying the foundation for a bright financial future.