You’ve seen the commercials and the decals proudly displayed on storefront windows, but what does going local mean for you? Why should you make the switch to a local credit union? Let’s break it down.
- You’re probably paying more and getting less at your big bank.
Banking at a credit union works just like banking at any big bank. You have your checking accounts, savings accounts, you can apply for auto loans and more, but credit unions are unique by design. Because credit unions are not-for-profit, they return any profit back to its members in the form of better rates on loans, better interest rates on savings, better terms on credit cards and fewer or no fees on services.
- Credit unions get you, when big banks don’t.
While a big bank leaves most of their loan approval decisions to computer algorithms, credit unions often take into consideration other factors. Locally-owned financial institutions like credit unions, have the exceptional ability to create stronger bonds with the community, thus, having a better understanding of the wants and needs of the people they serve.
- Your home is their home.
Credit unions, like Hughes, understand that their success lies in the health and prosperity of their communities. Whether it’s through generous sponsorships to local organizations or empowering youth through financial education, credit unions give back with an aim in improving your backyard because it’s theirs too.
Now that you know what’s in it for you, are you ready to bank locally? Visit HughesFCU.org/Switch to make the move.
