This website requires Javascript to function properly.
Contact us sidetag
ICCU Green Pigs
The 4 Biggest Credit Union Myths
Home > Resources > Member Education > The 4 Biggest Credit Union Myths
Text size: A A A

The 4 Biggest Credit Union Myths

The 4 Biggest Credit Union Myths10/13/2017

With International Credit Union Day right around the corner, we'd like to clear up the four biggest myths about credit unions.

  • They aren't big enough. There are big and small credit unions, but just like bank's, your deposits at a credit union are insured by the federal government up to $250,000.
  • It will be hard to access my money. Credit unions have access to a network of 30,000 free ATMs and 5,000 shared branching locations, making it easy for you to access your money anywhere.
  • I can't join. Anybody can join a credit union. You may be eligible based on your employer, where you live, or your family, as most credit unions allow members' families to join.
  • They don't offer as many perks as banks. Credit unions offer the same financial products as banks - checking account, debit and credit cards, online banking , IRAs (individual retirement accoutns), and home and auto loans - but because they're not-for-profit, the often offer better rates than banks.

If you are interested in joining ICCU, stop by any ICCU office!

« Return to "ICCU Blog"
Share: Share on Facebook: The 4 Biggest Credit Union Myths Share on Twitter: The 4 Biggest Credit Union Myths
No comments have been posted yet.
Post Comment

(Only last initial will display on comment)

(Not displayed on Comment)

Security Code:
What's this?
footer leaf icon