Why People Turning to Credit Union

Credit union is member-owned financial institution that provides financial services as other banks are offering. These days’ credit unions are becoming more financially attractive alternative than other financial institutions. To open a financial account people have to be an affiliate of a credit union. There are many benefits when you become a member of any credit union as compared to other local banks. If anyone wants to become a member of credit union, it should be inside the credit union’s “common bond".  In the common bond, people find something common in their existing members who are working or living in the same place such as same association, church or trade union. Credit union takes care of the money in a way that if people are not able to save their money or have poor credit records, the credit union offers low-cost and flexible financial services to their members. It is a fact that Credit union is controlled by their members and this is probably a very strong reason for people to turn towards credit unions. 

Some good points why people are choosing credit unions:
Most of people have irregular income and credit union welcomes unbalanced savers.

• As Credit unions are non-profitable organizations, all earnings are used to make interest for people and returns attractive profit to their customers.

• Savers can save as they like such as weekly, monthly, yearly and also they can pay at local shops or collection points, or direct from their earnings whichever is suitable for them.

• Credit unions always try to satisfy their customers, members and anyone who saves before taking out a loan with a credit union.

• It is such an amazing thing that the interest on a loan is limited to 1% per month and members can also get free life insurance in a credit union.

• Credit union offers deposit accounts and the most reliable investment bonds, such as government bonds.

• As compared to other banks, credit union is normally friendlier and better suited according to your desire.
  

Most of the companies and agencies create business and marketing solutions for credit unions. In all Thirdstream is credit union marketing agency that helps in building software and marketing solutions for credit unions. Credit union marketer thinks bigger and pushes the innovation envelope. Thirdstream created an account opening tool and online loan application for credit union members.





Gets more information about Credit union marketing strategies from our website (www.thirdstream.ca).