Oregon credit unions have many financial products and services and they offer lower fees compared with banks. However, not everyone is eligible to use them, since being a member is one of the main requirements. To succeed this, there are a couple of requirements, among which to live in a certain area, work or study there, known someone that is already a member and such. Criteria has become easier to fulfil and unions are more accepting these days, especially since they have developed so well and expanded their activity. Knowing all the implications help take the best decision, because at the end of the day it matters what you need the most and what suits your profile. 

First of all, people should understand what are Oregon credit unions and why they are so different compared with other institutions. When it comes to products and services, they are very similar to what you find out there, since you can obtain a credit card, open savings and checking accounts, get loans of all kind, investment opportunities and more. However, there are some key differences that distinguish them from the rest. One of them is the fact that unions are non-profit and due to this, they are able to provide lower interest rates on loans and higher interest rates on savings accounts. They are focused on members and pleasing their needs, being a cooperative it is operated by members and one of the requirements is to make a deposit, but you will have a say in what happens within the union. 

Once you manage to become a member, you will benefit of higher interest rates and for your money you will get more than what banks Oregon offer. Once you make a deposit, it will increase over time and the interest is considerable. You can verify this information on the union’s official website and find out what you can benefit from and if it is worth the effort. More to it, if you decide to get a loan at one point, you will have lower rates for it and this is certainly appreciated by everyone. Not to mention they accept working with members that have poor credit scores and help them improve it in order to reach their goals. At a certain point, everyone needs a home, a new car, money to start up a business, to pay university fees and such and it is relieving knowing the financial cooperation will not take all your money. 

Banks Oregon care about making profits and this is one of the reasons why they have high fees. On the other hand, they lose because of their customer service and how they treat people, with indifference and not answering their inquiries. Unions see things from another perspective and care about people relationships. They want to help members and the community and offer the best customer service. Members have a say during meetings and voting rights when decisions are made. You will not encounter this feature anywhere else and you can rest assured that they will offer low fees and rates and quality support for all financial issues. 

People go through the unpleasant situation of being rejected by banks and maybe it is not entirely their fault, as they can end up unemployed at one point or have a blemished history. Banks receive many applications regularly and they go through them by verifying some processes and don’t care what is behind a person, what is their story. If you don’t meet their requirements, you will not have access to their financial products. This will not happen at a credit union, because here members try to help one another and evaluate all circumstances to find a solution. There are fewer rules and procedures and you can benefit from flexibility and a streamline process. Taking all these aspects into consideration, it is time to start looking for a union in your location. 

Resource Box: Do you want to find out what other financial institutions exist besides  banks Oregon ? One great example is available right here and you can count on  Oregon credit unions  to provide better customer services and lower fees.