What is a credit union?
A credit union is a not-for-profit cooperative financial institution, wholly-owned by its members. Credit union membership is limited to people who share a common bond such as employment or place of residence. Every credit union member gets one vote regardless of how much he or she has on deposit. The members of a credit union board of directors are elected by the membership.
Why credit unions are for you
After allowing for reserves and operational expenses, all earnings from a credit union return to its members in the form of higher dividend rates on savings and lower interest rates on loans. A credit union also may reinvest its earnings in developing additional products and services. Because credit unions are not-for-profit, they generally offer higher rates for deposits and charge lower rates on loans than for-profit financial institutions.
TruMark Financial’s number one priority is the financial well-being of its members. TruMark Financial provides a full range of quality and convenient financial services while preserving the safety and soundness of your funds.
- Checking accounts offering convenience, versatility, and premium value
- Liberal ATM access policies and locations to avoid surcharges
- Lower rates on loans, credit lines, and mortgages
- Free notary service
- Lower and fewer service fees
- Higher rates on savings, Money Market, and investment accounts
- Free account access 24/7 via mobile banking, mobile apps, Account Management by Phone, and online banking services to manage accounts
- Free online Bill Payer service
- Toll-free access via the Member Service Center
- Never a fee to visit a branch
- Free budgetary counseling
- Free “Birthday Dollars” deposited into accounts of children under the age of 12