Benefits of a Credit Union
What is a Credit Union?
- Cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.
- Democratic, member-owned financial cooperatives.
- Each member, regardless of account size in the credit union, may run as a volunteer board and cast a vote in elections.
- As financial intermediaries, credit unions finance their loan portfolios by mobilizing member savings and shares rather than using outside capital, thus providing opportunities for generations of members.
Why not a Bank?
- Banks are owned by shareholders who aren’t required to belong to the bank in question.
- A paid Board of Directors makes decision based on what is best for the small group of shareholders, leaving little voice for the average member.
Is it in my best interest?
- As not-for-profit cooperative institutions, credit unions use excess earnings to offer members more affordable loans, a higher return on savings, lower fees, or new products and services. They serve members from all walks of life, including the poor and disenfranchised.
- California Community Credit Union is a full service credit union offering the same services as most other financial institutions with one major exception - we believe service goes beyond offering loans, savings accounts and checking accounts – we believe that service includes some genuine courtesy and a friendly greeting.
If you're still doing business elsewhere and you’re ready for change, then it's time you consider California Community Credit Union.