Qualities to Look for When Choosing a Credit Union

By now you probably know that working with a credit union offers a number of benefits over a traditional bank—but with so many credit unions to choose from, finding the right one for your needs is not always an easy task. Make sure you know what to look for in a credit union by reading over the topics discussed in this article.

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Variety of Services
It is important that the credit union you choose offers a wide variety of financial services to fit all of your needs. For this reason, you’ll want to research what services the credit union offers ahead of time, such as checking and savings accounts, IRAs, debit cards, auto loans, home loans, and personal loans.

Competitive Rates and Terms
Once you know which services are offered by the credit union, you will want to look into their rates and terms. Generally speaking, credit unions tend to offer  loan rates and terms  that are just as competitive as those offered by banks. However, some credit unions offer even better deals to their members that are not available to the typical consumer.

Member Benefits
One of the biggest perks of being a part of a credit union is that you are a member, not a customer. This means that you are privy to a number of benefits, but these benefits may vary from credit union to credit union. For this reason, you will want to check into which benefits you can receive once you become a member—such as special discounts, investment opportunities, and even deals for local attractions and companies within the community.

The GCS Credit Union in Illinois has been serving our members for the past 72 years. Learn what sets us apart from other  credit unions  by exploring our website or calling (618) 797-7993. We are your resource for checking accounts, savings accounts, IRAs, debit cards, and auto financing in the O’Fallon area. 

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