How many times have you heard cons that seem to outweigh the pros of becoming a credit union member? You may have heard that free ATMs for are scarce. You may think that a credit union is too local, that you can’t get branch services nationwide. You may also think, “How could a credit union compete with my big bank that offers a vast number of services?”
Credit unions have often been labeled as inconvenient and low-tech. But that isn’t all necessarily true. What you may not know is that credit unions are financial cooperatives. They work together on one sole purpose–benefitting their members. It’s what credit unions believe in. It’s what they were founded on, the “People Helping People,” mantra. That’s why credit unions nationwide have established a network through CO-OP Financial Services that challenges the “inconvenient” and “low-tech” labels.
The Shared Branching network through CO-OP Financial Services has over 5,400 branches nationwide that provide full-branch services to you–the member. This cooperation places credit unions as the 3rd largest in branch locations nationwide, ahead of competitive opposition like Bank of America and PNC Bank. If you’re a member of credit union that is part of that network, you can find Shared Branching locations where you can conveniently do your banking by using the online locator. There are also apps for both iPhone and Android phones where you can quickly and easily find branches and free ATMs.
Speaking of ATMs…there are nearly 30,000 surcharge-free ATMs in the network that provide convenient account access at locations including 7-Eleven, retail locations, and more!
In addition to being convenient, credit unions are also personal. They treat you like a member, not just a number. As a credit union member, you have a voice in the fate of the credit union’s future thanks to their democratically-controlled structure.
New Jersey’s credit unions provide banking you can trust! They have the banking services you need, with little to no fees for accounts, low loan rates, and higher deposit rates. To find one near you check out this locator here!