Have you been with a bank for some time but are looking to change to avoid the fees? Maybe you’re trying to determine whether you should open up an account through a bank or a credit union. It’s important to know the difference between the two because your personal banking decision is an important one that should be evaluated carefully. Hawaiian Tel Federal Credit Union of Honolulu, HI, will help you understand your options.

Consider these common differences to see if a credit union is a better choice for your personal banking needs:

• The Fees Are Lower At Credit Unions: If you have an account at a bank, you’ve probably noticed the fees are rising more and more every year. The fees at credit unions are lower than most banks, and they’re not rising as quickly.
• Credit Unions Offer Lower Interest Rates: If you are looking to make a big purchase in the next few years, a credit union is your best bet. They offer lower interest rates than banks do, and this is true for even the big loans like your mortgage or auto loan. 
• Credit Unions Tend To Offer Better Service: Because they are owned by members, they take better care of the credit union members. You will find the staff to be kinder, and they will do more to work with you.

Before you open an account at a bank, consider one of your local credit unions to get all of these perks and more. Hawaiian Tel Federal Credit Union has four convenient Honolulu locations to serve you. Call the Fort Street Mall location at (808) 532-5300, the King Street branch at (808) 832-8700, the Kalakaua Avenue branch at (808) 931-8000, and the 10th Street location at (808) 735-6940 to find out more. You can also check out their informative website for current interest rates, and find them on Facebook and Google +.