What can Your Credit Union Do for You?

Credit Unions have a host of financial services to cater to their member’s needs, traditional savings plans that allow members to secure their rainy day fund to permanent or share accounts that establishes members as part owners of the credit union. Most credit unions offer fixed deposits as a safe shortterm savings option through which members can save or voluntary shares which allows members to earn interest and helps in building their credit rating for obtaining loans. Members’ capacity to borrow is often dependent on the amount saved in this account.

Children are encouraged to be a part of Credit Unions by opening Treasure Chest Account designed to help young ones enjoy and learn how to manage their money. We all want to create good financial habits and with a credit union on your side this is more than possible.

Credit unions offer personal loans for provident purposes such as for medical expenses, home repairs, purchase of household appliances and to pursue higher education. They also offer loans for productive purposes such as starting small business such as farming. Potential home owners can enquire about Mortgage Loans through credit union and see how the possibilities build.

Some credit unions even offer Money Management or Financial Counselling which can be very important for those struggling to reach their goals. As the needs of customers grow so too do the services provided by credit unions and if there is something not yet provided then be sure to speak to a representative who can assist you. Credit unions have made a tradition of providing help to their members, sometimes all you have to do is ask.