Advantage Federal Credit Union - back to basics
Advantage Federal Credit Union - for everyone!
Lets get back to the basics…. What exactly is a credit union and why go to one instead of a bank…. Brought to you by Advantage Federal Credit union.
The most significant difference is that credit unions are not-for-profit organizations. They are owned by their members whereas Banks are for-profit businesses run by shareholders who benefit from the bank’s profits.
What Does This Mean For You?
Membership in a credit union means each member is an owner of the credit union and holds a share of the organization.
Credit unions offer the same financial services that banks offer, but they offer better higher interest rates on your investments and lower loan rates.
Advantage Federal Credit Union is known in the market for their low auto loan rates, and higher dividends on deposits.
One last point-
- Credit unions are insured by the National Credit Union Association (NCUA) –up to $250,000 per share owner, just like a bank.
So when deciding the best place for your money or where to get your next loan- definitely check out Advantage Federal credit union, Advantagefcu.org.