Reasons to Join a Credit Union

16 Reasons to Choose a Credit Union

1. Member-Owned, Not-for-Profit: Credit unions exist to serve their members—not to make a profit. There are no outside stockholders.
2. Safe and Insured: Credit union deposits are insured up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF), just like the FDIC for banks.
3. Part of a Bigger Movement: Credit unions are cooperatives—democratic institutions built on shared values and member control.
4. Fewer Fees, Better Rates: Credit unions typically offer lower fees, lower loan rates, and higher returns on savings than banks.
5. Focused on Financial Wellness: Many credit unions offer free financial education, from budgeting basics to retirement planning.
6. Nationwide Convenience: Access to more than 30,000 surcharge-free ATMs nationwide, credit unions offer banking that travels with you.
7. No Risky Investments: Credit unions take a conservative approach to finance, focused on stability—not speculation.
8. Run by Members: Members have a direct say in how the credit union is governed, including electing the board of directors.
9. Membership That Lasts: Once you join, you can remain a member—regardless of job changes or life events.
10. Equal Voice for All: Every member has one vote, no matter the size of their account.
11. Open to More People Than You Think: Most people are eligible to join a credit union, even if they don’t realize it.
12. No Bailouts Needed: No credit union has ever required a government bailout.
13. Top-Rated Service: Credit unions consistently rank highest in customer satisfaction because members come first.
14. Built Around Community: Credit unions strengthen local ties and foster real connections among members.
15. Support for Small Businesses: Many credit unions actively lend to local small businesses, helping communities grow from the ground up.
16. Driven by Values: Social responsibility, fairness, and trust are at the heart of how credit unions operate.