New Ways to Grow Your Money at a Credit Union in New Bedford

It doesn’t cost a lot to open a savings account at your local credit union in New Bedford. When you join St Anne Credit Union as a member, you join by opening what is known as a New Bedford Main Share savings account. Then, once you belong to the credit union, you can open a Share Checking account or another type of financial account, as you need it. There are lots of things that you can do at a credit union, just as you would do at any other type of banking institution. However, there are definite advantages to joining a credit union, such as better customer service, more opportunities to grow your money, reduced fees and other rewards – just for being a member.

We say “member,” because when you join a credit union, you aren’t just a client – you become a member or a shareholder, someone with a voice in how things will be run. Members elect the Board of Directors and receive a share in the profits of the credit union in New Bedford through dividends. Membership is open to anyone who lives or works in Bristol or Plymouth counties in Southeastern Massachusetts. It’s never too late to start saving, whether you are saving to buy a new house, a new car, pay for college, or save for retirement. There are lots of great ways to grow your money in New Bedford at St Anne Credit Union.

Step One: Join the Credit Union
The first step is to join St Anne Credit Union in New Bedford. You only need $25 to open a Main Share savings account. You can fill out an application in-person at our location on Union Street in New Bedford, Massachusetts or you can call us at 508-993-0011. You can add to your New Bedford Share savings at any time to help grow your money as a member.

Step Two: Learn About Dividends
Our friendly customer service agents can help you learn everything you need to know about our credit union in New Bedford. A dividend is the money that a credit union pays you for keeping your savings at their institution. Ask about dividends when you join St Anne Credit Union.

Step Three: Set Savings Goals
How much do you need to save? What are you saving for in the future? What are your savings goals? Do you need a specific amount of money in a certain amount of time or are you more flexible? Identify your goals and speak with a customer service agent at your new credit union in New Bedford to get some tips on how to improve your savings opportunities.

Step Four: Explore Other Savings Accounts
In addition to your New Bedford Share savings account, there are other ways to grow your money. If you are saving for retirement, there’s the Share IRA (Individual Retirement Account) savings opportunity. If you are saving for college, a down payment on a house, or to purchase a brand new car outright, you can check out our New Bedford money market account or certificate of deposit (CD) options.

Step Five: Create a Budget
How much can you save without cutting into your monthly bills or leaving yourself without any money for incidentals? Sit down and create a budget. Write down all of your monthly bills, a budget for groceries, utilities, gasoline, and any other regular expenses. Then write down how much money you make each month. Budgeting will help you figure out how much money you can afford to put into savings at your local credit union in New Bedford.

Step Six: Find New Ways to Save
Start looking at your monthly statements to see where your money goes. When you join St Anne Credit Union, you gain access to online checking and banking, which can help you review all of your spendings. Total up routine expenses that might be able to be reduced or cut out altogether. For example, if you spend $5-10 a day on lunch at a fast food restaurant, how much could you save in a month by brown bagging it instead? Those $5 lattes twice a day can really add up. If you cut out just one a day, you could save $150 more and put it into your New Bedford money market account or Main Share savings.

Join St Anne Credit Union in New Bedford, MA
If you are interested in learning more about the advantages of joining a credit union in New Bedford, or if you would like to explore savings opportunities for certificates of deposit, New Bedford money market accounts or IRA Share savings, give us a call at 508-993-0011. Our team of experienced and friendly customer service agents can help you choose the best options to grow your money right here in Southeastern Massachusetts. Call today and start saving for your dreams right away!