Today, October 15th is International Credit Union Day! We, along with thousands of other Credit Unions and millions of Credit Union members, are celebrating better rates and better service! We already know why we’re great, and so do Credit Union members, but for those who a weary about joining a Credit Union, we have made a list of top 5 most common Credit Union myths that may be stopping some from joining.
Myth #1: “I can’t join”
It’s true, a lot of times you either need to be apart of an organization, be employed by a specific company/industry, live in a certain area, etc., in order to join, but there is a Credit Union out there for everyone! If you want to join UKRFCU, don’t give up just after reading our name! Whether you are Ukrainian, or not, give us a call and we’ll help you navigate through our membership segments to help you become a member!
Myth #2: “They don’t offer as many services as banks”
Many assume that just because we’re not TD or Wells Fargo, that we don’t offer the same level of services as they do. Well, Credit Unions do! Take us for example, we offer over a dozen saving account options for our members, just as many loan options, internet and mobile banking with the latest and greatest features to help you bank, and much more! UKRFCU is a one-stop-shop for all of your banking needs, with higher savings rates and lower loan rates. Offering all services for every stage in a person’s life!
Myth #3: “It’s too difficult to access my money”
Just because we only have 5 UKRFCU branch locations around the Philadelphia Metro area doesn’t mean you only have access to your money by when visiting us. In order to help all members enjoy the convenience of branches, UKRFCU has joined Shared Branching – making nearly 5,000 branches across the country available for members to use! As a member, you are not limited to only our five physical locations. Enjoy the benefits of Shared Branching by having access to over 5,000 branch locations and over 30,000 surcharge-free ATMs. This means that your money is more accessible to UKRFCU than most big banks!
Myth #4: “Credit Unions are not as convenient/tech-savvy as banks”
Yes, we are! We offer our members all the latest and greatest technology and features to make your banking as easy as possible no matter where you are or when you need access to your accounts. Offering free-to-use services to all of our members such as Online Banking and a UKRFCU Mobile App on Apple iOS devices and Android! With our Online Banking platform, members enjoy access to see their transaction histories, view their statements, transfer funds between their accounts and outside accounts, pay their bills, manage their money with our powerful Money Management tool, add additional accounts, manage their rewards, and much more! With the Mobile Banking App, members can also see their transaction histories, deposit checks, transfer money between accounts, send money to their friends using Popmoney P2P service, manage rewards, add additional accounts, and also much more! So don’t be fooled that banks are any techier than Credit Unions!
Myth #5: “My money isn’t safe, Credit Unions are too small”
Your savings are insured up to $250,000 and backed by the full faith of the United States Government through the National Credit Union Administration (NCUA), a U.S. government agency.