When it comes to choosing a bank that works best for you, it can be an extremely hard decision. Whether you join a bank or a credit union, it’s important you do your homework to ensure you are picking the best match for you.
While both credit unions and banks offer similar products and services, credit unions differ on many levels. Here are some facts on how credit unions rank higher and why you should choose a Credit Union vs. a Bank:
- Credit unions are among the highest-rated services with 93% of their customers highly satisfied. (Blyskal, Jeff. “Choose the Best Bank for You.” Consumer Reports 04 Dec. 2015)
- Credit union’s primary focus is on serving their members rather than maximizing profits for shareholders.
- Fees and interest rates are typically lower. On average credit union members pay annually only $71 per year for checking versus bank customers paying $183. (Blyskal, Jeff. “Choose the Best Bank for You.” Consumer Reports 04 Dec. 2015)
A common misconception about credit unions is the difficulty to join, but really it’s simple! For DuPage Credit Union you just have to live or work in DuPage, DeKalb, Kane, Kendall, Lake, McHenry or Will County or attend school in DuPage County. Have family who is already a member- welcome aboard! Here at DuPage Credit Union, we are more than just a bank. We’re energized to create a memorable banking experience where our Members come first.
Whichever choice you make, don’t be afraid to ask questions. Want to read more on how credit unions differ from banks? Check out our Credit Union vs. Bank Infographic and if you have any great credit union experiences, share them below! We’d love to hear them!