Have you noticed that many of your friends and family members are banking with credit unions? You’re not alone. More and more people are choosing to open their accounts at credit unions rather than traditional banks, and once you know what credit unions can offer, it’s easy to see why.
Credit unions provide many of the same services and protections offered by traditional banks. At Mission Fed, you can open a Savings Account or free checking account with eStatements, or apply for a Car Loan, Home Loan and Credit Card on Mobile Banking, Online Banking, over the phone or at any of our local branches throughout San Diego County. We offer a Mobile Banking App and Online Banking access so you can do many transactions anytime and from anywhere. Plus, we’re available to help you six days a week before, during and after our branch hours by calling or our Contact Center at 800.500.6328, Monday – Friday 7am to 7pm and Saturday 8am to 4pm.
When it comes to your banking experience, you’ll find joining a credit union like Mission Federal Credit Union is better than banking at a traditional bank. Here are six reasons your friends might have switched:
Did you know that all Mission Fed members are also part owners? Here’s what member-ownership really means and what the benefits are. Because credit union members are owners, credit unions focus on customer service and doing what’s right for the membership. Traditional banks serve both their stockholders and their customers because they have a for-profit business model. Credit unions serve just our member-owners because we have a not-for-profit model, which means we can offer members lower interest rates on loans and credit cards and generally higher dividends on savings accounts. Our people helping people philosophy shapes our culture and is a key component of every decision we make, from enhancing services to choosing the location of a new branch.
- Local service
Mission Federal Credit Union is hyper-local; in fact, we’re the largest locally owned financial institution exclusively serving San Diego County. We even service most of our Home Loans in San Diego and our Contact Center is located locally, too. Mission Fed employees are your neighbors, friends and members of your community. We make it our mission to provide friendly, personalized and knowledgeable service to all members. And because we’re not-for-profit, we put member success as our bottom line.
- Better rates and fewer fees
Because credit unions don’t operate for profit, Mission Fed can offer very competitive rates and low or no fees to our members. At credit unions, loan rates are often lower, dividends are often higher and you’ll generally find fewer fees attached to accounts. For example, Mission Fed offers our Bottom Line Rates Every Day on Auto Loans.
- Great rewards
Credit unions can offer great rewards systems on the services you’re already using. At Mission Fed, our Mission Rewards program rewards you for the money you spend when using a Mission Fed Credit Card enrolled in Mission Rewards. Initiatives like the yearlong $1 Million Mission Fed Money Match allow us to thank our members for choosing to bank with Mission Fed by matching winning Auto and Home Loan payments or Direct Deposits for members each month, or by matching daily Debit or Credit Card purchases for winning members. Members can also get extra cash by referring a friend, family member or neighbor to Mission Fed through our Refer a Friend program.
- Community focus
Credit unions are usually established to serve certain communities, and many credit unions choose to help the communities they serve, giving back in a variety of ways. Mission Fed was established to serve the educational community, and now all San Diegans are welcome. That’s why we give back to support education and other nonprofit organizations in our local communities. In our most recent campaign in June 2018, “Hearts in the Community,” Mission Fed donated $1,000 to local nonprofit organizations.
While traditional banks are insured by the Federal Deposit Insurance Corporation, most credit unions are insured by the National Credit Union Administration. Mission Fed also offers a variety of digital and banking security technologies, as well as member security awareness tips to help keep your money and your information safe.
Since most financial institutions offer the same banking services, it all comes down to your banking experience. Your friends have joined credit unions because of the service and advantages that make their experience that much better. At Mission Fed, your success is our bottom line. We strive to provide great service, low rates and to give back to our community, all while helping you achieve your financial goals. Bank with Mission Fed and feel good knowing your financial institution has your best interest at heart. Stop by any branch or check out services online and discover the Mission Fed difference today. We look forward to assisting you!
The content provided in this blog consists of the opinions and ideas of the author alone and should be used for informational purposes only. Mission Federal Credit Union disclaims any liability for decisions you make based on the information provided. References to any specific commercial products, processes, or services, or the use of any trade, firm, or corporation name in this article by Mission Federal Credit Union is for the information and convenience of its readers and does not constitute endorsement, control or warranty by Mission Federal Credit Union.