Credit Union Myths Busted

To have full control of your finances, being informed is essential. The task of selecting the perfect financial institution can be a daunting one, but aligning with an institution that prioritizes you can leverage your money in unimaginable ways. Before you finalize your decision, let's challenge and re-evaluate your assumptions!

Myth: Credit Unions Are Exclusive.

Don't let the myth of exclusivity hold you back from joining a credit union. Northeast Credit Union makes it easy to become a member. If you live or work within 30 miles of a branch in New Hampshire or Maine, you're already qualified! And if that doesn't apply to you, there are plenty of other inclusive requirements, such as where you work, worship, or where your family banks, that can make joining a credit union a breeze.

Myth: Accessing my money may be difficult.

Gone are the days of struggling to access your hard-earned money. With a vast network of over 3,500 credit unions and 30,000 surcharge-free ATMs in the CO-OP network, you can easily access your funds from coast to coast. Want to see it for yourself? Simply utilize the CO-OP Credit Union's Locator to find the nearest location to you. Don't let accessibility be a hindrance to your financial freedom.

Myth: Credit Unions aren’t tech savvy.

Another common misconception annihilated! Most credit unions offer options such as Digital Banking, Mobile Banking, Mobile Deposit, Online Account Opening, etc. – just the same as a traditional bank. Credit Unions understand that members need their banking to go where they go!

Myth: Credit Unions are just like banks.

Credit unions operate as not-for-profit organizations, which means that they prioritize their members instead of viewing them as mere account numbers. This unique structure allows credit unions to return a portion of their profits to their members in the form of better interest rates and lower fees. As a member and part owner of a credit union like Northeast Credit Union, you can benefit from this member-focused approach to banking.

How do I join? – It’s easy! Open an account with Northeast Credit Union and you're a member!