The time has come. You're ready to open a checking or savings account, but have no idea which financial institution to choose. You're already familiar with national banks, but find yourself intrigued by the idea of a credit union. Member-owned and not-for-profit, credit unions offer an alternative for individuals looking to satisfy their banking needs. There are many benefits of a credit union, and today on the blog we'll examine three.

Member Focused Model
A credit union offers quality products and services comparable to those you'd find at a larger financial institution. But what makes credit unions unique is their focus on what's best for the member. Credit unions exist to help enrich the financial well-being of their members, and they do so in a variety of ways. Competitive rates as well as quality services and products are just two of the many reasons to join a credit union.

Community Involvement
Another thing that sets credit unions apart from other financial institutions is their involvement in the communities they serve. They are often very active in the community, offering programs and initiatives not just to their members, but also those who live in the neighborhoods they serve. Some offer an annual scholarship program, partnerships with community organizations, and much more. Being active and engaged in the communities they are part of is another way credit unions differ from other financial institutions. 

Local Financial Professionals
When you make the decision to bank with a locally operated credit union, you are putting your trust in local financial professionals. These individuals are members of the same communities as you and understand the uniqueness of the local landscape. In addition to sharing a community with their members, credit unions have their own underwriters and make decisions locally.

Entering a new banking relationship can be an exciting experience, and choosing a financial institution that best fits your needs is important. DCCU exists to help improve the financial wellness of our members. The benefits of a credit union—such as quality financial products, competitive rates, and personalized service—are plentiful. To learn more about the credit union difference or to join, please click here.

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This article is for general information only and not intended to provide specific advice or recommendations for any individual.