If you’ve ever wanted to avoid corporate banks and get a personalized experience from a member-owned financial institution, consider going to a credit union. These institutions have a social mission, and they strive to make decisions that benefit their members. They offer sound financial advice and the latest technology.

Credit unions in Parker have lower fees, and their savings accounts are often more competitive. They don’t have shareholders, so they’re able to offer better rates to members. That means you can enjoy a more personalized experience and better customer service from your local credit union. And because credit unions are owned by their members, you can rest assured that your money will be safe and sound.

While credit unions can be a great alternative to big corporate banks, they’re not for everyone. If you’re just looking for a simple checking account and an account for transferring funds, you’re better off going with a bigger bank. These financial institutions often have more personalized service, lower fees, and more personal connections to their members.

Another reason to consider going to a credit union is the fact that most credit unions are not for-profit. This means that they can focus their resources on improving services for their members, and they’re not obliged to pay their profits to shareholders. Because of this, credit unions can pass on the savings to their members, and pass on lower APRs on loans and savings accounts. Many credit unions also offer counseling services, which can help you reach your financial goals.

Another great reason to use a credit union is because it supports the local economy. In Seattle, for example, the City Council has voted to divest from Wells Fargo Bank, which backed the Dakota Access Pipeline. As the 18th largest city in the U.S., this move is a good investment in your local economy and keeps your hard-earned dollars out of the hands of corporations.

A credit union is a nonprofit financial institution owned by its members. It offers a wide variety of financial products to its members and is managed by a board of directors elected by its members. Unlike traditional banks, credit unions are member-owned and have no shareholders. Because of this, the profits are returned to its members, who are also its customers.

As a member-owned financial institution, credit unions offer checking and savings accounts, loans, and investment accounts, financial advice, and more. Credit unions have lower fees and interest rates and are also open to anyone. However, many consumers are unaware that credit unions are not insured. And most people are under the mistaken impression that they need to join the military or a government organization in order to get a credit union account.