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Thinking of making the switch from a bank to a credit union? If so, you could save money each month by avoiding costly fees that add up quickly. Check out these 3 reasons why you’ll pay less in credit union fees vs. bank fees:

Credit Union Fees - A female Member being greeted by a friendly Team Member at the credit union counter

Credit Union Fees vs. Bank Fees Reason #1 – Member-Owned

There are many advantages of joining a credit union, including the fact that credit union’s concentrate on helping members with life’s events, big or small. As a not-for-profit, we’re in the business of saving members money- not helping stock holders get rich. Which means less fees on checking accounts, home and auto loans, credit cards, ATM transactions and Online & Mobile Banking.

We’ve even joined forces with one another to offer members nearly 30,000 surcharge-free ATMs and thousands of Shared Branch locations nationwide – giving you access to your money while you’re away at school, on vacation or visiting friends and family out of state.

Credit Union Fees vs. Bank Fees Reason #2 – Lower fees

Although credit unions are not-for-profit, they do charge fees for things like overdrafts, cashier’s checks, Visa® Gift Cards and other items – however, the cost is usually significantly less than what you would pay elsewhere. And unlike other financial institutions, fee-generated income is used to help lower loan rates and offer members new products and services. “People helping people” – it’s just not just a phrase, we live it.

Credit Union Fees - Young couple looking over their mortgage pre-approval with a Credit Union home loan expert.

Credit Union Fees vs. Bank Fees Reason #3 – Less hoops to jump through

Many banks require customers to have a minimum balance in their checking account at all times, make a minimum number of transactions each month, as well as have Direct Deposit to avoid a monthly service fee. Credit unions on the other hand offer checking accounts with no minimum balance, no monthly fee, free debit cards and other perks. It’s easy to see your savings add up quickly.

Credit Union Fees - Young woman checking her balance with Online Banking at a table after shopping.

Ready to start saving by avoiding excessive bank fees?

We invite you to join DuPage Credit Union and enjoy the many advantages our Membership offers. Check us out and discover why DuPage Credit Union is banking inspired.

What do you like best about credit union’s? Please share below:

 

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