The main aspect is that the NC state credit union does not have clients, but members and there are other characteristics in this case. Unions don’t have stockholders and the membership are a proof of their ownership. This means members have rights, not just obligations and they are able to receive voting rights and take part in meetings. Members always come first and this means that unions focus on meeting their needs and make sure they are satisfied with all services. Customer service is also excellent, meaning support is given throughout the process, whenever requested.
When you use the services and products of the NC state credit union, you can benefit from lower fees. Financial institutions need to make a profit to please stockholders, but this is not the case for unions. They are non-profit and this means they are able to offer convenient rates and fees. You will see the differences once you start comparing them with other institutions and find out how much you are charged for each transaction or product. For instance, when you want to apply for a loan of any kind, there are various fees in discussion, but unions keep them low, to protect and make sure members are able to afford them. For instance, in some cases, there are no fees applied for using their ATM. There are many ways in which you can save money and not even know about it.
More to it, the Winston Salem federal credit union offers better rates. When people make a deposit, they want to earn more money and these institutions want this to happen. When you invest money, you will get something in return. You can take advantage of high deposit rates and low loan rates. It is worth the difference, especially when you do the math and start comparing them. Not to mention that you can easily find any type of loan, based on your needs, for studies, buying a new car, a home, to open or expand a business, for personal use and more. At some point, people need finances to accomplish their objectives and with the low rates provided, they are more encouraged to take a loan.
Some people have the misconception that the Winston Salem federal credit union has not embraced technology that well. However, it is not the case, because such institutions have official websites where they point out products and services offered to members, how they include mobile and internet banking services and their range of ATMs. There are no restrictions to using the local union, as some have expanded nationwide or collaborate one with another, so that members have easy access to what they need. You can find the ATM wherever you go and to make transactions, simply use mobile banking and have the freedom you need. Your account can be accessed from your mobile device and don’t need to go to the branch for any issue.
Unions are part of a community and this means they care for it and want to develop it as much as possible. They have educational programs and teach people the importance of finance and how they should evaluate their budget and expenses. Also, there are different foundations and charity events, to help those who need money and support the most. This is an important aspect to consider, because once you become a member, you will become part of it and contribute to the community. Considering the wide range of institutions present on the market these days, it is worth taking the time to see what each offers and what you can expect in exchange. Some require making a minimum deposit, so that you contribute to the overall budget and your money is able to help another member in need.
Are you aware of the NC state credit union and what offers to its members? Choosing the right financial institution is an important step, as it will affect your finances. Among the ones available out there, the Winston Salem federal credit union stands out by being focused on their members.