Credit union Vancouver WA

As banks continue to add fees and increase interest rates, people are focusing on alternatives, such as credit unions in Oregon. There are worthy advantages that make a credit union Vancouver WA stand out from the rest of financial institutions. More and more people are choosing to become a member of a credit union and this also means the number of these institutions is also increasing. However, they vary in size and services offered and it is best evaluating them before becoming a member.

From the beginning, it is important pointing out that credit unions in Oregon are non-profit and they have a different mentality than other financial institutions. A credit union Vancouver WA is owned by its members and the general mission is to provide members with exceptional services, instead of focusing on making profit for stakeholders. Members are thus more satisfied and they feel included when it comes to taking decisions and how they contribute to the development of the credit union.

In recent years, credit unions in Oregon have become more open to people wanting to become members and conditions are not so strict anymore. Some credit unions cater certain associations or geographic areas, but joining the union is easier. Based on your location you can find the available institutions within the area and you can check out their conditions, to find out if you meet them and what it takes to become a member. A credit union Vancouver WA will gladly point out eligibility conditions and guide you in the right direction, based on the services you need exactly, if opening a savings account, getting a loan or such.

Another feature worth mentioning about credit unions in Oregon is about their services. For example, when it comes to credit cards, they do have better rates. Because they are non-profit, you can expect the product line to be passed on to all members. Money is not given to them directly, as the credit union Vancouver WA offers lower rates on loans and higher rates for savings accounts. This is always good news, considering most financial institutions only want to get money and not offer something back to their customers. Fees are also kept low for members of the credit union. This translates in bigger savings for members.

Although credit unions are different, due to their expansions and available branches, members have access to ATMs easily. Most people prefer having an account at a financial institution that offers easy access to ATMs and which has branches all around. When signing up for the credit union, you can ask about their services and how easily you have access to your account. You can even take advantage of excellent customer service, as your questions or concerns are answered in the fastest way possible and in a polite manner. This doesn't always happen with big banks, as they tend to delay their answers or provide short ones, leading to increased frustration.