Have you been thinking about joining a credit union? There are a lot of advantages associated with joining a financial institution, such as St Anne Credit Union in New Bedford. The benefits of membership extend beyond the obvious things like excellent customer service and great opportunities to help you grow your money and build your dreams through home, auto and personal loans. Even features that include credit union online banking, specialized savings accounts, interest-earning investments and more, are just a drop in the bucket compared to all of the advantages that you will experience as a member when you join St Anne Credit Union in Southeastern Massachusetts.
What Does It Take to Join?
If you want to become a member of our credit union in New Bedford, you just need to live or work in the counties of Bristol or Plymouth in Southeastern Massachusetts. Some credit unions have other requirements in order to gain the benefits of membership, such as belonging to an association, working for a specific employer or even in a specific industry. When you join St Anne Credit Union, you become part of a member-owned, non-profit financial institution that has been serving members in the local region since 1911. In fact, St Anne Credit Union is the oldest credit union in all of Southeastern Massachusetts.
With over 3,100 members and well over $18,000,000.00 in assets, it pays to join this mighty credit union in New Bedford where we believe that people are worth more than money. You will see this idea expressed in the way that we treat each and every member and the opportunities that are made available that you won’t find at other traditional banking institutions. When you join St Anne Credit Union, you don’t become a customer or a client, you become a member and a shareholder with a voice in how things are done. Members vote to elect the Board of Directors and receive a profit share through dividends, discounted fees and other beneficial opportunities.
What Does It Mean to be a Shareholder?
When it comes to joining a credit union in New Bedford, being a shareholder means being a part-owner in the financial organization. That means that you have a voice, a vote and a say in how the business is run. However, those who are elected to the Board of Directors, the management and the staff at the branch in New Bedford, do not have to worry about making profits for third-party investors and other individuals who may or may not conduct business at the credit union. Each member gets a single vote – no one vote carries more weight than any other. A credit union is an example of fairness and democracy, so your vote counts equally whether you have $100 or $100,000 in your accounts.
Those who volunteer to serve on the Board of Directors are unpaid members who were elected by the rest of the membership to oversee operations and set policy for the team of paid professional staff. The role of the board is to make sure that the credit union is financially safe and sound. The revenues that are made are then shared by the members. In the case of banks, any profits go directly to third-party investors; while in a credit union, the net revenue is returned to the membership in the form of lower loan rates, higher dividend rates, reduced fees and other types of enhanced services.
What are the Other Benefits of Membership?
When you join St Anne Credit Union, one of our customer service agents will present you with all of the information you need to really use this credit union in New Bedford to your advantage. Our online banking member guide and other tools regarding financial options can really help you to make the most out of your membership at St Anne Credit Union. Even if you never use our credit union online banking opportunities, it is important to know that it is available. Other tools can help you with a wide range of financial activities, including budgeting, making investments and financial planning for your future.
Our basic Share Savings account is what you get to start your relationship with St Anne Credit Union. However, then you can choose to use our NOW Checking, join the Christmas Club Savings program, open an IRA Share account or take advantage of our loan opportunities for property, automobiles and trucks, motorcycles and personal loan needs. We even have home equity line of credit options, certificate of deposits, money market deposit accounts and much more. Anything you could ever need to help save, grow and invest your money for the future can be found as part of the benefits of membership when you join our credit union in New Bedford.
To learn more about how to join St Anne Credit Union or to get our FREE online banking member guide, give us a call at 508-993-0011 or stop by our location on Union Street in New Bedford to speak with one of our representatives in person. Come see for yourself why St Anne Credit Union is the longest running credit union in New Bedford and all of Southeastern Massachusetts.