Our Call Center phone line is currently experiencing intermittent connectivity issues. Responses may be delayed as a result. Our Secure Chat option within Online Banking is also available to assist you.

Top 5 Reasons You Want to Join a Credit Union

Photos of members holding up signs about why they love their credit union.

When people think about checking and savings accounts, car loans and mortgages, they typically think of banks. However, most don’t realize there is an alternative. Credit Unions.

Here are the top 5 reasons why credit unions are a better alternative to a bank:

Credit unions are owned by its members, not shareholders.

Credit unions are democratically controlled by its members, and exist to provide financial services at competitive and fair rates.

Profits go back to you.

The one key difference is that credit unions are not-for profit organizations, so profits go back to the members by way of lower fees and extra benefits which could save you hundreds of dollars a year.

Better rates, lower fees.

Credit unions offer more bang for your buck over traditional banks. They typically pay higher interest rates on all deposit accounts, including savings and checking accounts. Credit unions also offer low APRs on mortgages, personal loans and credit cards.

Innovative products and services.

Credit Unions offer products similar to a bank such as checking, savings, mortgages and Home Equity Line of Credits. Most credit unions have the latest technology such as online banking and mobile apps where you can pay bills, deposit checks, monitor your accounts, and set up fraud alerts.

You’re part of a family, not just a number.

Personal and community relationships continue to be a driving force for credit unions as that is a part of their rich history. At the end of the day, credit unions make members a priority as we are held accountable to them and not shareholders.

Before deciding whether to join a credit union or become a bank customer, narrow down your top contenders based on what matters most to you. Or learn more about membership at Hawaii State FCU and why we are over 100,000 members strong.

About HSFCU Marketing

Hawaii State FCU firmly believes that financial education empowers people to make smarter decisions throughout their lives, resulting in a better financial future. We do this by providing useful financial tools such as educational blogs, online courses and free webinars on a variety of topics including planning for retirement, debt management and buying a home. For more information on these and other resources, including free financial calculators and budget-friendly recipes, visit www.HawaiiStateFCU.com and click on “Financial Health.”

Related Posts

Photo of the word SCAM on a laptop screen warning the user

How to Recognize the Signs – Don’t Become a Phishing Victim

in Fraud
Third Party Site Disclaimer

We may provide links to external websites that refer to third party services and products available to Hawaii State FCU members, for enrollment in Hawaii State FCU financial education webinars, or other purposes. Please review the terms and conditions of use carefully. We do not make any express or implied representation or warranty to you concerning the quality, safety or suitability of external websites, or their services, products, or contents. External websites are not under our control and may have different security, privacy and other. Using the links may identify you as a Hawaii State FCU member to the external website operator.  Services and products from third parties are not obligations of, nor endorsed or guaranteed by, Hawaii State FCU nor the National Credit Union Share Insurance Fund.  Alternative services and products may be obtained from other providers of your choice.

Click “ACCEPT” to enter an external website. Click “Cancel” to return to HSFCU’s website.

Please remember to log off of Online Banking and Mobile Banking before going to any external website.

Cancel Accept