Why Choose a Credit Union Portland
Due to high fees that banks usually have and how they treat clients, only seeking profit, it is no wonder why so many people are looking towards other directions when it comes to financial services. One popular choice that brings many benefits into discussion is the credit union Portland. There are many characteristics that describe credit unions in Oregon and once you get more familiar with them, you will soon understand why so many people decide to become members in the first place. To begin with, once you adhere to a credit union Portland, you are not a client, but a stakeholder, a member that has rights, not just obligations. Banks aim at making profit and they only do it for the best interest of the stakeholders. Credit unions in Oregon are non-profit and this means that any profit gained will pass towards members, usually in the form of low interest rates and low fees. There are some misconceptions that tend to put people back when it comes to credit unions. One example is the fact they don’t have ATMs or their branches are limited. This is not the case anymore, as some unions belong to larger networks and thus, you can find ATMs and branches easily. Along with the account you open and the financial services you choose, you can also opt for a credit card, just like any bank provides. What is noticeable and worthy of pointing out are the low fees applied and the rewards given, which you will not find anywhere else. This is because the credit union Portland operates differently and this is one of the main reasons why people choose them. Who wouldn’t like to save on fees and have access to diverse services without the feeling of being ripped off? It is an opportunity worth considering, especially if you had issues with banks before and you don’t like how they treat clients and the level of personal service received. Services provided by credit unions in Oregon are similar to those offered by banks, meaning you can open a savings account, you can get a mortgage, loans, auto, personal, business and home equity loans. This depends on the chosen credit union and how well developed it is and what services it provides to its members. Some people don’t even consider putting their savings in a bank account, as with inflation and how it outpaces savings, they don’t even gain much in the end. But credit unions offer a chance of gaining profit and having peace of mind knowing your money is in a secure place. Credit unions are different indeed and for people looking forward to becoming members, it is best checking out the available criteria and requirements that have to be respected. Back in the days, these used to be strict and not many got a chance to be part of a credit union, but nowadays they are more permissive. Members will gladly explain every aspect and what you gain after becoming a member at their credit union and what rights and obligations you have.