MOBILITY Credit Union on LinkedIn: #mcutexas #bankingwithoutboundaries #mobilitycommunity #membershipmatters… (2024)

📸 #ilovecreditunions Why I Love Credit Unions ❤️Hey friends! 💬 Today, I want to share why I'm absolutely in love with credit unions! 💞 Here are the top reasons that make them stand out:🏦 Community-Focused: Credit unions prioritize their members and the local community. They genuinely care about helping us achieve our financial goals.🤝 Member Ownership: As a member, I'm not just a customer but an owner. It feels empowering to have a say in the credit union's decisions.💰 Better Rates & Lower Fees: Credit unions often offer competitive interest rates and lower fees compared to big banks, helping us save more money.🌐 Shared Branching: The convenience of shared branching means I can access my account at multiple locations across the country. So handy!💳 Personalized Service: They treat me like a person, not a number. The personalized service and attention I receive are unparalleled.💡 Financial Education: Credit unions believe in empowering their members with financial knowledge, making it easier to make informed decisions.#CreditUnions #FinancialFreedom #CommunityMatters #LoveMyCU #PersonalFinance SELCO Community Credit Union #ilovemycreditunion Remember to support your local credit union! 🌐💙 Let me know in the comments what you love most about credit unions too! 👇😊

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A large percentage of credit unions in Ohio are designated as small credit unions. The Ohio Credit Union League understands small credit unions' unique challenges and needs. We are here to assist with tools, resources, educational opportunities, and guidance to help small credit unions thrive and grow. Learn more at https://lnkd.in/gw7JsBTN #smallcreditunions #creditunions #CreditUnionMovement

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"Credit unions have an overall mission of improving the financial well-being of their members and serving their communities. There are several important credit union benefits you can expect if you join a credit union." At Northern Credit Union, your Why is our Why. #bankingindustry #creditunions #businessandmanagement #creditunionsrock #northcounty #commerciallending

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💹 Members of SECU, America's second largest credit union who serves 2.8 million customers initially voted against risk based lending because it broke the credit union’s successful 85-year cooperative philosophy of treating every member fairly and sharing the benefits of membership.However, after the board voted to proceed, starting in their auto book, the results were amazing.- 35% increase in origination volume- 81% increase for "A-tier" borrowers- Reduction in delinquency and write-offsSome board members still do not agree with the move, stating that risk-based lending and pricing are discriminatory and creates "second-class members". This is a very interesting perspective when trying to balance member equality with lending money, which is heavily influenced by credit risk.Should those with better credit risk be subventing those with poorer credit risk? I would be very interested in your thoughts! 🤔 Article below:

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When it comes to credit unions, there are a lot of misconceptions and myths. At SECU, we’re dedicated to providing our members with the tools they need to separate the facts from the fiction.While credit unions offer a lot of the same services as traditional banks, there are a few key differences that are important to consider when choosing your financial institution. A credit union is a not-for-profit organization owned by its membership, and typically has membership requirements that must be met before you can join. Decisions are made by a board of directors comprised solely of credit union members and elected directly by the members under the concept of “one member, one vote,” not by investors based on shareholdings. And, while they may not always offer every identical product that a bank offers, credit unions offer competitive interest and deposit rates, and profits made are often reinvested in the credit union through product and service enhancements with their membership in mind.

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Did you know that 50% of all Michiganders belong to a Credit Union! 🤯When I’m out at various events from time to time I get individuals that aren’t familiar with Credit Unions. I love the opportunity to share about Chief Financial Credit Union and how we make an impact on our members and the community! 🙌Commonly asked questions regarding Credit Unions?❓1. What’s the difference between a credit union & a bank?❓Is my money safe?❓How can I join?Answers:1. Credit Unions are #notforprofit organizations that exist simply to #serve their #members. Credit Unions are actually owned by their members. 🤗Banks are not! 👎2. Yes your money is #safe at a Credit Union! Credit Unions don’t engage in unsavory lending practices and your funds are #insured by the NCUA up to $250,000 per individual depositor. 👏3. Myth buster-you don’t need to be a member of a specific organization or company to join! As long as you live, work, worship or study in the city and surrounding areas we serve you can make Chief Financial CU your #hometown Credit Union! 💪Let’s make Chief Financial Credit Union your new home! ❤️To learn more click the link below or connect with me directly.📧JenniferH@ChiefOnline.com📱248.318.0750https://lnkd.in/gkdZ8qis

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On July 28th, celebrate your credit union by participating in the #ilovemycreditunion movement. Share your stories about why you love YOUR CU! I started early, today, and not intentionally. While talking with my stylist during a haircut, she inquired as to what made credit unions better alternatives to banks. Here is what I told her.Foremost, at a credit union, you are a Member (noticed I capitalized "Member"), not an account number. As not-for-profit financial co-operatives, our goal is to maximize our Members' financial health by putting them FIRST in EVERYTHING that we do! I'll never forget my first interview with a credit union where I was specifically told: "You'll still have goals. We will never terminate you for not hitting a goal, but we will fire you on the spot if you put our Members into a product that does not benefit them to reach a goal" (how refreshing is that?!). Next, we are Member-owned, meaning you, the Member, are a direct stakeholder with full voting rights and priviliges. Our Boards of Directors? Volunteers (not paid) elected from our field of membership! Our goal isn't to maximize shareholder value, it's to maximize Member well-being and we do that by reinvesting directly back into our organizations to offer higher rates on deposits, lower rates on loans, and technological advancements to make it easy to do business with us!Also, we have the full backing of the NCUA and our depositors are insured just as well as the banks are, if not more in some cases. Did you know that in our entire history, depositors have never lost even a SINGLE CENT at a federally insured credit union? Talk about recession-proof!Credit Unions, as a part of the co-operative spirit that makes us great, routinely help one another and work together on initiatives to move the credit union movement forward! That's right! We WORK WITH EACH OTHER to benefit ALL CU Members! I don't think Chase is picking up the phone to give advice to BOA... There are so many reasons to love your Credit Union, and if you haven't had the opportunity to explore what it's like on the other side, there's never been a better time to start! #CreditUnions #CreditUnionDifference #PeopleHelpingPeople #ILoveMyCreditUnion #CapitalizeMember

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Exactly the message I've been trying to get across, just said far more eloquently and convincingly by Frank Diekmann of CUToday.info. #Creditunions are about people, right? Lobbying is important to ensure good laws, but it's not *all* you need. Most effort needs to go into communities to highlight what CUs are already doing, while empowering others to maximize their positive impacts.I said in the past that speaking out against consumer protection rules looks really bad. I have numerous articles and videos calling out CUs for punitive fee structures and even the whole system of existing off of your most financially-challenged members. It's not the mission. And it's not going to help credit unions thrive into the future.There's a reason big banks don't bother going after credit unions anymore...our industry does it to themselves. Let's make 2024 the year credit unions go "back to basics" in their mission (and yes, you definitely should be adopting modern tech to make that possible).Thanks to Becky Reed for sharing this message.

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This week, we're counting the reasons credit unions should be advertising. 12. To generate revenueAdvertising fuels credit union revenue by spotlighting their competitive advantages—from favorable interest rates and tailored financial solutions to community involvement and exceptional service.By highlighting their unique value propositions, credit unions can attract new members and deepen their relationships with existing ones.Thoughtfully crafted advertising strategies can showcase the benefits of membership, credit unions empower individuals to achieve their financial goals and increase their own visibility.This increased visibility encourages non-members to join, and the increased awareness can lead to higher loan volumes, increased savings deposits, and cross-selling opportunities to old and new members alike.#creditunionlife, #creditunionscare, #bankingawareness

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Happy #ilovemycreditunion day. These pictures are quite significant. The one on the top was when he was 1.5 months old. The one on the left is him a year later. Why post these you may ask? It’s because his first credit union account was opened when he was pictured on the top and ironically enough, my first credit union account was at about the same age. The picture on the left is him 1 year later and the picture on the right is the two of us enjoying the day and for me, it’s 35 years later and I belong to 3 different Credit Unions. Higher savings rates, lower interest rates, and less fees is the route I’ll take any day. If you don’t have a credit union account, it’s not to late to sign up for one today. Visit your local credit union and see what it’s all about. #creditunions #peoplehelpingpeople #ilovemycreditunion #newcenturyfcu

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