Many people don’t realize that they have choices when it comes to financial institutions and they can look further than banks in Portland Oregon. An Oregon credit union has many more advantages and joining the union is not as strict or as difficult as it used to be. It is important to know all aspects and options before taking the decision.
People often complain about high fees and interest rates, poor customer service, every bad experience they face when going to banks in Portland Oregon. They don’t have to stick to them and they should know that they can always make a change and choose other services. Banks are financial institutions that only care about making a profit and they don’t put the needs of their customer first. It is no wonder why so many people complain about them, when they are treated only for profit, not for who they are.
The situation is different when you go to an Oregon credit union. Once you open an account, you are not just a client, you are a member and you have rights. The union is a non-profit organization and it pleases its shareholders. This means that the union is focused on creating excellent customer service and not profit. Members have voting rights, they can take part in meetings and decide what matters and what happens regarding accounts. Perhaps at some point you face a difficult situation and other members are willing to work with you to find solutions. Members are friendlier and policies are friendlier in the same time.
Banks make a lot of profit with fees and this is a reason why they are so high. On the other hand, credit unions have lower fees compared to banks and when you access an ATM, you don’t have to worry about fees as well. This means that members are able to save more money and they don’t have to worry whenever they check their accounts. It comes a time when a person needs a loan, maybe to buy a new car, to open up a business, to go on vacation, to get a house and such. Even if they need money as fast as possible, this does not mean that they don’t care about interest rates.
Credit unions have the major advantage of offering lower interest rates on loans and higher saving rates. Taking into account that they are not oriented towards making a profit, they need money to cover operating costs and they can look after their members better. Not to mention that credit unions are able to work with individuals who has poor or bad credit and who were rejected by banks and were unable to take a loan. You can go to a credit union, discuss with a member there are find out if you qualify and what it takes to join the union.