Many Americans are fed up with the banking industry. However, we still need accounts that will provide us with the means to pay our bills, cash our checks and grow our money for when we need it the most. Some have turned to pre-paid cash cards, available through major retailers and credit card companies, but those cards really can’t provide the same services that we have come to expect from a traditional banking experience. Credit unions are the best solution for those who are sick and tired of the same old issues and problems experienced at their local and national banks. In addition to providing checking, saving, loans and investment opportunities, you will find that most credit unions offer additional perks that you might not have known exist.
Join St Anne Credit Union in New Bedford
You may be surprised that St Anne Credit Union is the oldest credit union in all of Southeastern Massachusetts, established on August 3, 1911. It proudly serves over 3,100 members and boasts over $18,000,000.00 in assets. Like other credit unions, St Anne Credit Union is member-owned and is also a non-profit financial organization. Each credit union has its own criteria for membership, such as working in a specific industry or for a certain government agency, however St Anne Credit Union serves members who work or live in Bristol and Plymouth counties in Massachusetts.
Opportunities for credit union online banking provide 24 hour-a-day access to all of your accounts in one place. Free electronic statements for eligible checking and savings accounts are available, as well as access to ATMs throughout the local region. Joining a credit union doesn’t make you a customer or a client, as you would be at a traditional banking institution. Joining a credit union makes you a member, a shareholder in St Anne Credit Union, which gives you a say in how things are run. Members elect the Board of Directors and receive a share of profits through various dividends, such as interest rates savings and reduced fees.
Other Perks of Membership
In addition to having a completely different relationship with your financial institution when you join St Anne Credit Union in New Bedford, you also gain unique opportunities that are rarely found outside of a credit union setting. Christmas Club savings accounts help you to set aside money specifically for holiday shopping, helping you to be debt-free and rely less on high interest rate credit cards through other organizations. Revenues are shared by the members, with the net revenue gained being returned to members through higher dividend rates, enhanced services, lower loan rates and interest rates savings, as well as other opportunities.
The goal is to help members put their money to work for them, by offering member education about financial matters, through the offering of credit union online banking to monitor accounts, and by providing various methods and tools to help them grow their money. The more informed a consumer is about financial matters, the better they will be able to take control of their financial status. From basic budgeting to wide-range financial planning, members who join St Anne Credit Union in New Bedford are invited to work with representatives to find solutions and make better decisions based upon their unique needs.
Some other benefits of membership include:
- opportunity to obtain new and used auto loans with low to no down payment
- ability to borrow between $500-10,000 for 1-4 year terms via personal loans
- home equity loans and equity lines of credit up to $125,000 and up to 75 percent of the value of the property minus the first mortgage for periods of 5-15 years
- fixed rate mortgages ranging between 5-30 years
- savings, checking and Christmas Club savings account opportunities
- certificate of deposit and money market deposit accounts
- IRA Share account for retirement with just a $500 minimum balance
Visit St Anne Credit Union for Details
This is just an overview of the benefits and perks associated with deciding to join St Anne Credit Union in New Bedford. Come visit our location on Union Street to speak with one of our representatives to learn more about how to become a member and for details about credit union online banking opportunities, opening up a Christmas Club savings account, and to hear about current interest rate options and interest rates savings for our members. You can also give us a call at 508-993-0011.