Shouldn't you be the one making money off your money?
Michigan's credit unions are member-owned and not-for-profit. We don't answer to shareholders, which means fewer fees, higher savings rates and lower loan rates when compared to big corporate banks — all with the community investment you won't get from a neo-bank.
Credit union benefits compared to banks
Michigan credit unions provided nearly $423 million in direct financial benefits to their members during 2018. This includes:
- Membership savings with lower rates and fees equaling $80 per member or $168 per household
- Unlimited access to nearly 1,700 fee-free ATMs across the state and 30,000 across the country
- Credit cards that average nearly 5% less than banks
- Personal loans that average more than 1% less than banks
- Auto loans that average nearly 1% less than banks
- Just think: financing a $25,000 new auto for 60 months will save credit union members an average of $91 per year in interest expenses compared to a bank
Find out how much more your neighborhood credit union can do for you.
*Data and statistics provided by CUNA, Michigan Membership Benefits Report Q4 2018
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