1 / 6

Minot Credit Union Is Better Than Banks – Find Out Why

Bank must turn higher profits to satisfy the shareholder demand for income. They tend to have higher and more fees, and they also charge more interest on loans as a result. Credit unions, on the other hand, can keep things affordable for their members. And that means more money in your pocket and more focus on serving your financial needs! This is your money, take control of it and join a Minot credit union: https://aspire.creditunion/<br>

SamAndrews
Download Presentation

Minot Credit Union Is Better Than Banks – Find Out Why

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Minot Credit Union Is Better Than Banks Find Out Why

  2. While banks and credit unions are both financial institutions that offer similar services (checking and savings accounts, auto loans, and mortgages), the main difference between a bank and a credit union is that "customers" of a credit union are members, and they own the institution.

  3. Here is all you need to know about credit union, such as Minot Credit Union vs. banks: Profits Banks is owned by shareholders and is for-profit businesses. Shareholders own and control how the bank operates. This can often mean the shareholders make decisions that benefit them and not the customer. When you join a credit union you become a member and are not-for-profit. As a member, you are an owner of the credit union and are entitled to one vote, regardless of how much you deposit. This means you can have a say on how your credit union is run. Services Thanks to the history as community-based institutions, credit unions often provide services with a personal touch and understanding of local needs. Because of the smaller size compared to the big banks, and closer focus on providing services to members instead of providing dividends to shareholders, credit unions can be more competitive when offering services, such as more affordable interest rates and lower fees. Loan rates Because credit unions act with the interest of their members in mind, rates on average are better for credit union members compared to bank customers. Generally, credit unions have higher rates on savings accounts and lower rates on loans and credit cards.

  4. Still need help deciding between a credit union and bank? Some of the benefits of becoming a member of Minot credit union include: • Lower interest rates on loans • Higher interest rates on savings accounts • Access to online and mobile banking • E-statements • Mobile Deposits • Audio Response • Text your CU • Visa Gift Card • Wiring Instructions • ZELLE • Commitment to and investment in the local community • You are owner of the credit union and have a say over how it is operated

  5. Conclusion This means a bank must turn higher profits to satisfy the shareholder demand for income. They tend to have higher and more fees, and they also charge more interest on loans as a result. Credit unions, on the other hand, can keep things affordable for their members. And that means more money in your pocket and more focus on serving your financial needs! This is your money, take control of it and join a Minot credit union.

  6. Contact Details Address Website 1430 South Broadway, Minot, ND 58702 https://aspire.creditunion/ Contact No. Facebook 701-837-5353 https://www.facebook.com/aspirecu Email LinkedIn Support@aspire.creditunion https://www.linkedin.com/company/aspirecu/

More Related