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Why should you join a credit union?

Many people don’t fully understand what a credit union is and how we are different than a bank. Keep reading to learn more about how a credit union can help you with your personal financial management.

Credit Unions
Banks

Credit Unions are not for profit organizations. While we certainly need to pay attention to the bottom line, decisions can be made based on what’s best for our members.
Banks put their shareholders first. Decisions are made based on the amount of profit that can be delivered to the stockholders of the bank.

When you join a credit union, you become a member/owner. Every member enjoys an equal ownership of the credit union.
Only those who purchase shares of the bank have an ownership interest. A Board of Directors makes the decisions for the bank.

Income generated is returned to members in the form of better rates and lower fees.
Income generated is returned to stockholders in the form of dividends.

Account-holders are Members. You may be eligible to join a credit union based on its charter*.
Anyone can open an account at a bank.

Learn more about the benefits of credit unions at www.asmarterchoice.org

* To become a member at Belco, you must live, work, worship, attend school or volunteer in one of the seven counties named in our charter. Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry and York.