Some of you may not know this but banks aren’t the only institutions that are set up to help you with your financial needs. In fact, it can be argued that banks aren’t even looking out for your best interests as their main goal has always been to generate as much profit for their shareholders as possible. On the flip side, we here at Good Neighbors Credit Union (GNCU) are member-owned financial institutions whose main goal is to help our members improve their financial situation.
Now, we understand that not many of you understand how different GNCU is from banks. To help simplify things, we thought it would be useful to put together a short article talking about how we set ourselves apart. If this is something that you want to know more about, read on as we discuss why you should never compare GNCU to banks.
Lower Interest Rates
As we’ve already mentioned, credit unions are designed to generate profit. This means that their loan terms and rates aren’t predatory as they aren’t trying to get more money from their clients. Generally, you’ll have access to more competitive loans and deposit products if you opt to go for GNCU instead of your bank.
Better Financial Inclusivity
We here at GNCU are dedicated to serving a diverse set of individuals. This means that our services are more financially inclusive. So much so that we go out of our way to accommodate underserved individuals looking to build a financial foundation to those with stronger means seeking a high-quality, accessible, stress-free banking alternative.
Nationwide ATM Access
Your money will be in good hands with GNCU. Your money is protected under our NCUA insurance guidelines. Our deposit accounts let you earn competitive interest rates while keeping your money totally liquid so you can get to it when you need it. What this means is that your deposit account will allow you to earn thanks to our competitive interest rates.
The GNCU allows you to enjoy fast, free, and easy-to-use features that allow you to do a multitude of things. GNCU gives you access to online banking and bill pay services; and three convenient forms of mobile banking via web browsing, app download, and text banking.
Comprehensive Rewards System
Lastly, GNCU also has a comprehensive reward system in place. With Love My Credit Union Rewards, you can save some serious money on everything from your mobile phone or brand new car to filing your taxes and online discounts at over 1,500 major retailers. Every member of GNCU is also eligible to receive exclusive members discounts.
Hopefully, this article proves to be useful when it comes to helping you differentiate GNCU from banks. As you can see, GNCU is clearly the better option if you’re trying to improve your financial situation. Considering how easy it is to sign up for a credit union, there are very few (if any) reasons why you should be choosing banks instead of GNCU.
Are you looking for a credit union in Buffalo? Good Neighbors Credit Union embraces its responsibility to serve a diverse membership – from underserved individuals looking to build a financial foundation to those with stronger means seeking a high-quality, accessible, stress-free banking alternative. We provide a range of products, services, tools, and resources that empowers our members to manage their finances. For more information on our services, visit our website today!