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Three reasons why you should switch to a credit union

YNCU explains what sets them apart from the big banks

Are you thinking about switching your financial institutions? Are you looking for more than what the big banks are offering? 

You should consider banking with a credit union! Credit unions are dedicated to improving the lives and financial health of their members and local community. 

Here are three reasons why you should switch to a credit union: 

Sense of ownership

Credit unions are owned by their membership.

As a member, your credit union works hard to meet your financial needs and make decisions with those needs in mind. Credit unions look at the whole picture and work to build long-term relationships with members to provide customized growth strategies that actually work to meet your goals. 

Member savings 

With the rising price of everyday goods, looking for a financial institution with competitive rates is critical to meeting your financial goals.

Credit unions were created with the specific intention of meeting societal needs. They are focused on their members’ financial well-being. Credit unions can do things a bank can't and care about the things they don't, like keeping your money local.

They use a cooperative model to help Canadians hold on to more of their money by returning profits to members through profit sharing and low/no fees. They have some of the best rates and deposit protection in the industry.

Credit unions put your health, the health of your community, and your local economy ahead of some investment banker’s bottom line. The focus is on putting your interests first. 

Member service

Our customers are our members and we are always looking for the best ways to benefit members.

Credit unions are known for providing elite customer service to their members. Canadian credit unions have a long standing history of being named the top financial institution for outstanding customer service. Their reputation for outstanding customer service is a result of their dedication to investing in the communities their members live and work in. Credit unions work with communities to ensure proper financial education so that people are not confused about what to do with their money. 

Looking for something new? Are you tired of your regular bank doing nothing for you?

Come meet with one of YNCU’s experienced financial advisors to learn more about becoming a member and putting your needs first. Become a member online! 

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Your Neighbourhood Credit Union (YNCU), including all affiliated brands, is a licensed credit union operating in, and under the laws of, the province of Ontario. The Financial Services Regulatory Authority of Ontario (FSRAO) provides insurance coverage for our member’s deposits.