It’s no secret, Americans are big into ownership. Most people agree it’s better to own a home than rent—and that’s what makes credit unions special: A sense of ownership. When you join a credit union, you’re a co-owner of the institution, not simply a user. Plus, credit unions are not-for-profit companies that are focused on serving their members’ needs—meaning you can get higher yields on deposit products and lower interest rates on loans.
“Credit unions give consumers a clear choice to support their local community,” says Brian Lee, President and CEO of Landings Credit Union in Arizona. “When members deposit their money in their local credit unions, those funds are invested right back into the local economy. From lending to local small businesses to supporting community non-profits, credit unions help to create a better community.”
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