Think Credit Unions Lack Convenience? Think Again
If you have recently joined or are considering joining your local credit union in preparation for Bank Transfer Day or maybe you are a former Bank of America customer who already moved your money, you may be wondering if your credit union is as convenient as the big banks.
While credit unions provide similar financial services, there are differences, but convenience is not something you have to sacrifice. Here are three things to remember whenever you hear that your local credit union lacks convenience:
- ATM Access Nationwide: Your credit union is likely part of a network of 28,000 surcharge-free ATMs nationwide to provide convenient access to your money while traveling. Find an ATM nationwide. Make sure the CO-OP logo is on the back of your ATM or debit card.
- Shared Branches Nationwide: Many credit unions are part of nationwide shared branching networks that extend convenient access to your money wherever you are. Shared branches provide most of your local credit union services wherever you are. See if your credit union participates in shared branching. Find shared branch locations in your area or your travel destination.
- Online Account Access: Credit Unions also offer online account access and bill pay. Just like the big banks, you can transfer money between checking and savings, pay bills, and view your account history. Check with your credit union about signing up to access your accounts online.
Just because you are new to a credit union does not mean you have to give up all the conveniences through banking with one of the big boys from Wall Street. Credit unions offer plenty of convenience for accessing your funds. Your local credit union can answer any of your questions. Just stop by or call your local credit union to get details!
by Staff Writer
Published October 26, 2011