When you become a member of a Massachusetts credit union, you gain access to a wide range of opportunities. Not only will you begin by opening a credit union savings account, but you will also be invited to open checking and specific savings properties, such as our Christmas Club account. Most banks and credit unions in the United States offer very similar options when it comes to financial management services. However, there are very distinct differences in what you can expect in the way of customer service, interest rates, and fees when you compare a Boston bank loan to a New Bedford home loan at our credit union. Fortunately, you don’t have to wait until you join St Anne Credit Union to find out – we provide all of this information on our website and to visitors who stop by our local branch.
What Does It Take to Be a Member?
Are you thinking about joining our Massachusetts credit union? All it takes to become a member is to live or work in either Bristol or Plymouth counties right here in Southeastern Massachusetts. That means that you could live outside of the area, but work in New Bedford, Fall River, Dartmouth, or any of the other fine cities and towns in the local region, and still qualify for membership. A $25 deposit into a credit union savings account, known as the Main Share Savings, is also required for membership. Once you become a member, you can apply for a New Bedford home loan, auto loan, or personal loan, as well as take advantage of other savings and investment opportunities after you join St Anne Credit Union.
Why Are Credit Unions Different?
A Massachusetts credit union is a non-profit or not-for-profit institution that is cooperatively owned (co-op) and operated by its membership. Instead of being customers, as you would see in a traditional banking organization, credit unions have members. Each member must meet specific criteria to join, open a Main Share Savings account with $25, and then they will earn dividends from the profits that the credit union makes through higher interest rates, reduced fees, and other services. The personal customer service that credit union members get compared to banking customers is also very different. While the services offered are basically the same, the quality of those services and incentives for membership are what separate credit unions and banks.
How Do I Get a Credit Union Loan?
If you want to take advantage of a New Bedford home loan, auto loan, or personal loan when you join St Anne Credit Union, make sure to speak with one of our representatives. They can outline the process that is required for loan applications once you become a member and open a credit union savings account. Many locals find that a Massachusetts credit union loan offers lower interest rates and fees than similarly matched traditional banking loans. We offer a wide range of options for new and used vehicles, motorcycles, home loans, home equity lines of credit (HELOC) loans, and much more. Make sure to contact one of our team members by phone or stop by our branch in New Bedford for details.
Do Credit Unions Insure Deposits?
If you have been a customer of a traditional bank, you have probably noticed the FDIC notifications that state information about federal insurance and protections on bank deposits. Your Massachusetts credit union has similar protections from the US government. When you join St Anne Credit Union, the National Credit Union Administration or NCUA also insures your deposits of up to $250,000. That means your credit union savings account is just as protected as your bank account, protecting your money while you put it to work in a Main Share, Money Market, or Certificate of Deposit account.
What About Online Banking?
Many of our members enjoy monitoring payments and balances for their New Bedford home loan, auto loan, and credit union savings account programs online. When you join St Anne Credit Union in New Bedford, we will provide you with all of the details required to access your accounts online. These services can help you to monitor, manage, and take care of all tasks related to your Massachusetts credit union accounts, including checking, savings, and loans. We also offer access to money 24/7 at our SUM ATMs, which are located all over the Southcoast region, New England, and nationwide.
If you would like to learn more about the opportunities available when you join St Anne Credit Union, please visit our website or contact a representative at 508-993-0011. You can view all of the criteria required to apply for a New Bedford home loan, auto loan, or personal loan online and get the latest details on interest rates and other application opportunities. Get free electronic statements for eligible accounts, use our credit card access point to manage VISA card accounts, make payments, transfer funds, or perform other essential services. Call today to start taking advantage of everything our Massachusetts credit union has to offer.