To make a good decision and choose what suits your needs the most, it is recommended to understand what Oregon credit unions are, how they differ from other institutions and what they offer exactly. Especially people who have accounts and loans at banks will be able to distinguish them better, since they already know how banks operate. It is true that unions are smaller and they do not have so many clients, which are known as members actually. However, they are non-profit and owned by members. Some of them are active in the board committees, have voting rights and such. In addition, they operate differently and because they do not aim at making profits, they are able to include a personal touch and return the existing profits in various forms.
Unions are similar to banks in Portland Oregon in terms of services and products offered. You can obtain a loan, credit and debit card, open savings and checking accounts, make investments, obtain insurances and more. However, people still have some misconceptions related to them, thinking they have to work for the government to join or belong to the military. Other believe their savings are not insured and they do not have a guarantee once they deposit money. This is certainly far from the truth, because membership requirements have lowered down throughout the years and they are no so restrictive. More to it, all accounts are insured and you can verify this with the union once you get in touch to ask the necessary questions.
There are many considerations to Oregon credit unions and why they are worth the attention. Just to name a few, they have lower interest rates on loans, all deposits are insured and they provide excellent customer service and assistance throughout the time you are a member. Not to mention they have various programs in which they teach the community about financial aspects, such as loans, investments, budgeting and such. Everyone needs to fully understand the implications as soon as they require products and services from a financial institution and what they are committed to. Others do not sit down with clients to explain all terms in detail and people are left confused and even choose something that does not fit their requirements.
Resource Box: Are you a client of banks in Portland Oregon ? If you want to find out what else is out there, do not hesitate about Oregon credit unions (https://www.onpointcu.com/) , because membership requirements are not as strict as they used to be. You will be surprised of the flexibility and level of customer service.