If you are seeking a smart banking solution for your finances, you may want to
join a credit union in O’Fallon. Credit unions provide their members with a range of great services and
amenities, including online bill pay, home mortgage loans, and more. When
you choose to bank at a credit union, you will also receive personalized
customer service. To help you decide whether you should open your new
checking account with your local credit union, here are answers to common
questions about these institutions.
How Are Credit Unions Different Than Banks?
When you are
considering joining a credit union, you may wonder how these financial institutions are different from traditional
banks. Unlike a bank, which are for-profit businesses, credit unions are
cooperatively owned by their members. By offering cooperative ownership,
credit unions are dedicated to providing their members with great rates
Are There Requirements to Join a Credit Union?
Each credit union has its own specific requirements for becoming a member.
For example, some credit unions are designed specifically for government
workers or employees of a certain business. However, many other credit
unions are open to everyone in the general public.
What Kinds of Services Are Offered By a Credit Union?
When you join a credit union, you can expect your financial institution
to provide you with all of the different types of services that are also
provided by a traditional bank. Your credit union will be able to help
you take out a home or auto loan, and can also provide you with convenient
online banking services.
If you are considering opening a new checking account in O’Fallon,
be sure to visit GCS Credit Union. Our highly acclaimed financial institution
can provide you with a full range of banking services, and we offer several
convenient locations across the state of Illinois. To learn more about
the advantages of banking with our credit union, give us a call at (618) 797-7993.