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Your credit union in Massachusetts can be a very good place to go for your financial needs. You may have many of the advantages of a bank, except with a more personal touch. It also may be a good place to go for loans. Here are just some of the reasons to consider these institutions. Member Owned These institutions are owned by the members. You have a vote in what goes on. You also receive have a say in how things are run, and what kind of services that may be offered to members. Non Profit These financial institutions do not operate for profit. They are there for the benefit of their members. This means that many of their services are less expensive than your local bank or finance company. Checking Accounts Member owned institutions may offer checking account to their members. You may be able to get free checking and reduced charges for checks. There also may be lower charges for things like overdrafts. Charge Cards You may be able to get a charge card through a member owned financial institution. It may be easier to qualify for these kinds of cards. You also may have no annual fee, and a very attractive interest rate. Loans Your local member owned institution is an excellent place to apply for a loan. If you are interested in a new car, you may get lower interest than from a bank or a car dealer. You also may be able to qualify for a mortgage to buy a home. Summary Before you go to your local bank or finance company, it is a good idea to check out your credit union in Massachusetts. These institutions are owned by the members and operate at no profit. This means that you can get very good terms on things like checking accounts, savings accounts, and charge cards. You also may be able to get affordable loans for cars and home mortgages. Workers' Credit Union is a credit union Massachusetts. For more info visit wcu.com (http://www.wcu.com)
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