The latest headlines occupied by commercial banks imply they may not have your financial interests as part of their long-term goals.
You Own Your Credit Union
Credit Unions are owned and controlled by their members and operate to promote the well-being of their member-owners. Unlike for-profit commercial banks, financial gains made by the credit union are reinvested into the organization – all profits GO BACK to the members in the form of better interest rates (deposit and loan) and lower fees. Credit Unions are not traded on Wall Street.
Credit Unions – Financially Secure
In addition to high-risk business practices, the failure of several banks earlier this year, sparking a run on deposits, has made people uneasy with their commercial banks. Credit Unions adhere to stringent guidelines and oversite. NCUA’s (National Credit Union Association) Chairman, Todd Harper, stated,” The credit union system remains well-capitalized and on a solid footing.” 1
Time To Make the Switch To A Credit Union
Are you tired of the impersonal service, less than competitive interest rates on loan and deposit accounts, and business practices that do not align with your values? It’s time to bank with a credit union.
Are you staying with your bank because you need access to your money wherever you may be? Welcome Federal Credit Union (WFCU) offers access to nationwide banking services. Do you have a child going to college in another state? No worries! WFCU is part of a 6,000+ member network of shared branches nationwide. That’s a more extensive branch network than some of the largest commercial banks.
Come speak to us at our headquarters in Morrisville or one of our other three (3) locations and start your move to WFCU today!
You’re always welcome at WFCU!
1https://ncua.gov/newsroom/press-release/2023/statement-ncua-chairman-todd-m-harper