Banks against Credit Unions – Up to How Far Can you Go Just by Being a Customer?
With the bank you’re currently saving your money, is your voice being heard and considered? Credit unions are not after customers but members with rights on what is going on in the organization. When it comes to deciding on important matters, the bank personnel or those with higher positions aren’t the ones who are going to decide. Yet it would come to voting policy and each member’s vote’s counts. You won’t be experiencing this option if you are dealing with banks.
When you opt for bank’s services, the very sure thing is their service fee would be very costly. If currently you have been fired from work and still couldn’t find one, most probably interest would pile up and you won’t be able to manage to pay for it. Lots of people living in Michigan are experiencing hardships and with financial crisis. Many bank clients have experienced numerous hundred dollars being taken away just to pay for unpaid interest charge and service fees. When you go for a credit union, you won’t be choked by charges for they charge low.
Do you have influence even though you are only a customer in a credit union? If you don’t like how things are being managed then you can simply call the attention of the board and they will be the one to act depending on the votes. Moreover, you’re opinion matters on establishing a new branch, acquiring things, merging and the choosing of officers. Banks doesn’t offer these kinds of privileges.
Nobody’s exempted from having financial problems thus to determine the right decision, every possible alternatives must be thoroughly examined. If you’re having a hard time choosing between a bank and credit union, create a list of all the positive and negative things of the two. Jot down the things like how important is your voice in deciding things, which offers more convenience and which is withstanding.
Credit unions barely change their name and barely devour by larger establishments like banks does. If you do create an account instantly today, the very good thing is that as tomorrow comes they are still there bearing the same name and same democratic strategy.
Credit union members must acknowledge every single merging and acquisition. Would you like to be part of the decision making and become a member of Westland Credit Union.
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