Having trust in a financial institution is a must when doing business. That’s why more people are opting to work with credit unions, which offer improved customer service and lower fees when it comes to daily banking. If you aren’t happy with the experience at a traditional bank, moving your money to a local credit union might be the right choice.

Why You Should Bank With a Credit Union

1. More Flexibility

Larger banks tend to be impersonal in terms of customer service. As a result, they provide limited options when it comes to customer requests. Conversely, credit unions are not beholden to corporate shareholders. That means they have more flexibility when working with their members and handle their money in the best way possible.

2. Improved Rates

Because there is no corporate oversight, credit unions can offer reduced costs. This is the case for loan rates, which are often exorbitant at most banks, and ATM fees. Even seemingly minimal banking fees can add up over time, especially if you’re living on a fixed income and trying to save money. When you don’t have to constantly pay this extra cost, you’ll end up spending less, which will help you to save more. 

3. Optimum Customer Service

Customer experience is an important aspect for many people when they’re banking. Because you are a member of a credit union—and not simply a name on an account—you can expect excellent service, whether opening up a savings account or addressing an issue on a statement. Any problems you encounter will be efficiently resolved in a pleasant and cooperative manner.

In Totowa, NJ, residents trust in the service at North Jersey Federal Credit Union. This credit union has assisted locals for more than eight decades. Whether you are banking for your business or personal account, they offer a variety of financial services, as well as guidance on how to make your money work best for you. For more information on setting up a checking or savings account, visit them online. Call (973) 785-9200 to ask about your specific financial needs.