Credit Unions 101: How to Choose a Credit Union

As bank profits rise while their customers pay ever-larger fees, many people are turning to their local credit union as a more customer-friendly alternative. Credit unions are member-owned, non-profit financial institutions, offering fewer fees and more personalized services than banks. If you’re seeking to switch to a credit union, here’s a guide to choosing the best one for your financial needs: 

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Look for Flexibility of Service

  • No two individuals have the same financial outlook. That’s why any credit union should offer a range of services catered to the unique needs of each individual member. Whether you are starting a small business, creating a college savings fund for your kids, or simply need a small checking account, your credit union should be able to help you. Additionally, many credit unions offer discounts on community events and other member perks.

Demand Easy Online Payments

  • In the 21st Century, a lackluster online money management experience is no longer acceptable. Your credit union should offer paperless or near-paperless financial services. Expect email bank statements, direct deposit services, and opportunities to manage your accounts online. To minimize the amount of trips you have to take to your credit union, many institutions offer additional online services such as online mortgage and loan applications.

Find a Sense of Community

  • Credit unions offer a great way to get involved with your community. That’s because with a credit union, you’ll no longer be a number in some faceless banking institution; you’ll be an integral part of an association of your neighbors and community members. The best institutions recognize this advantage of credit unions , immersing themselves in the community to offer a range of events and opportunities to serve.

GCS Credit Union in O’Fallon is part of a full-service financial institution serving Madison,?St. Clair, Jersey, Macoupin, Montgomery, Bond, Clinton, Washington, Randolph, and Monroe counties. We strive to offer what’s best in a credit union: flexibility, personal service, and community. To learn more about membership, visit us online or call (618) 797-7993.

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