If you are tired of the high interest rates and fees that are generated by your bank, there is an alternative. You do not have to walk around with a prepaid debit card. Credit unions are similar to banks in that many offer similar services to their customers. The credit union Spanish Springs locations can offer you secure transactions for your money as well as no hidden overcharges.
What makes a credit union different is that they are not out to make a profit off of the services that they give to their members. A member is any person that has established some type of account with them. This can be a savings, checking, or retirement account. As a member you share in the profits with the credit union.
Because the credit union in Spanish Springs is not for profit status, the interest rates are lower. Some do not charge for the transaction of writing checks. You still get statements detailing the balance and transactions that occurred for the time period reported. Because they operate under specific guidelines you do not have to worry about the credit union having illegal practices.
Small business owners and individuals can get a loan for cars, homes, business start ups, and existing company loans. Most credit unions work with the people in the community and start to give back in the form of charity work or donations to civic organizations.
Another services that many credit unions provide are counseling. If there is a problem or issue with making financial payments you might speak with the manager or customer service person to hep you. Not all locations offer notary services or safe deposit box rentals. Many have online websites that give greater details on specific programs.
The satisfaction rate for members versus banks is a larger percentage. They provider personal care and will get to know you as an individual. You are not just a number in a file. They are approachable and are willing to help you. The credit unions in Spanish Springs also provide a guarantee for larger deposit for their accounts as well. This amount is $250,000 per person.