Trust is the Difference
A recent study of close to 2,000 Michigan residents, reported 59% of credit union members trust “entirely” that their financial institution is operating in members’ best interests, while only 31% of bank customers feel the same way. When you are part of a credit union, you are part of a family that supports your financial well-being.
Credit union benefits compared to banks
Michigan credit unions provided more than $340 million in direct financial benefit to their members during the twelve months ending in September 2016. This includes:
Membership savings with lower rates and fees equaling $69 per member or $131 per household
Unlimited access to more than 1,600 fee-free ATMs across the state
- Credit cards that average 6% less than banks
Personal loans that average 1% less than banks
Auto loans that average 1% less than banks
- Just think: financing a $25,000 new auto for 60 months will save credit union members an average of $102/year in interest expenses compared to a bank.
Best of all, it's free, and you really don't have to do anything. Find out how much more your neighborhood credit union can do for you. Five million people in Michigan are already members.
*Data and statistics provided by Credit Union National Association, 2016 Third Quarter Michigna Benefits DataGo to main navigation