Unlock Small Business Success with Credit Union Support
January 18, 2024
When choosing the right financial partner for your small business, it’s essential to consider not only the financial products and services required for operation, but also other qualities that can impact the long-term success of your business. Not all financial institutions are created equal, and their differences can affect their approach to banking and lending. Choosing a credit union as your financial partner means having a trustworthy and reliable ally who will be with you through every step of your journey and help guide you on your business’s path to success.
There are many important aspects to consider when selecting a banking partner for your small business. Here are some key factors that set credit unions apart from banks and other lenders when it comes to helping your small business succeed:
Better Rates & Fees
Credit unions exist to serve their members rather than stakeholders. Unlike traditional banks, credit unions are structured as not-for-profit organizations that return extra income generated back to their members. This characteristic translates into lower interest rates on loans and higher savings yields on deposit accounts. Additionally, credit unions typically have fewer and lower fees for accounts and services compared to traditional banks and lenders. Combined, these opportunities to save and earn more provide greater flexibility when managing and growing your business.
Your Money Stays Local
When you choose a credit union, your money is not only safe and secure, but is also reinvested into your community. Unlike traditional banks, credit unions do not distribute profits to stakeholders. Instead, the deposits made by members are used to provide loans for fellow small businesses, help your neighbors purchase their dream homes, and invest in community development. By banking with a credit union, you are investing in the growth and well-being of your community and helping everyone around you prosper.
Personalized Service & Support
As a credit union, we offer an exclusive level of personalized service that you are unlikely to find with a big bank. You can count on us to provide financial support uniquely tailored to your business and its needs, whether you are an experienced business owner or just getting started. You will also receive local support from our team, who are proud to be a part of the same community, making a credit union the ideal financial partner. We share an understanding of the local market, allowing us to work together to plan the best strategies to help you achieve your business goals.
You’re a Member, Not Just a Customer
When you bank with a credit union, you are more than just another customer. You’re a member and part-owner of the credit union. Being a member-owner means having a say in how the credit union operates and the available features. Our goal is to provide you with the best quality service and financial products you need to succeed, both as a member and as a business owner. Banking with a credit union is more than just a business transaction – it’s a partnership built to serve your business and grow with you as your needs evolve.
We Give Back to Our Community
As a not-for-profit financial institution, earnings are reinvested into our members and the community. We are committed to supporting the growth of local businesses and entrepreneurs. When you bank with a credit union, you’re putting your money right back into the local economy and helping support other small businesses.
We’re Here to Help!
The differences between banks and credit unions may appear small at first glance, but they can have a tremendous impact on the prosperity of your business. When you choose a credit union as the trusted financial partner for your small business, you can depend on a partnership that prioritizes your financial needs and well-being.
If you want to learn more about our financial products and services tailored to small businesses, we’re ready to help. Please stop by any of our convenient branch locations or call 888-777-9982 to speak with a team member today.
Disclosures
-
This credit union is federally insured by the National Credit Union Administration.
-
Equal Housing Lender