The idea of a credit union started simply. People wanted to work together to progress their savings and borrow successfully without using a big bank. Credit unions have been around since the 1940s and are becoming increasingly popular.
What is a credit union?
There are 40,000 credit unions worldwide in over 80 countries. Some countries have recently seen a move towards a majority using credit unions instead of big banks. Based around a community with a shared interest in how they wish to operate their money, credit unions can have any number of members.
All credit unions share similar goals:
- To provide aid and assistance to members who need financial help
- To support members on a regular basis
- To provide lower rates on loans
Credit unions are popular because they want to see members save successfully and prosper in everyday finances.
Public Service Credit Union fits the ideal of a top credit union perfectly. Promoting an active interest in how its members look after their money since 1951, it is recognized as one of the best credit unions in Michigan.
What are the benefits of using Public Service Credit Union?
A feeling of community
In a credit union, you are not just a customer, you are a member of an association. Credit Unions are not-for-profit organizations, where any profits made are passed down to the members. Public Service Credit Union also provides members with a range of benefits to help them manage their finances on a daily basis. These include debt solution advice, insurance programs, and tax management.
Public Service Credit Union promotes ‘Anywhere Banking,’ an online system that allows customers to access their accounts from anywhere in the world. This system allows a transferral of funds, viewing account activity, and the ability to apply online for a personal loan.
As well as anywhere banking, Public Service Credit Union has branches located in many parts of Michigan and is available to discuss your financial needs 24/7, 365 days a year. Such a great network gives customers the freedom to speak to someone face to face, online or by telephone as soon as they require assistance.
Lower personal loan rates
One key benefit of Public Service Credit Union is that it offers far lower personal loan rates. A personal loan provides a payday cash advance, allowing the customer access to the funds they need when they need them. Money may be needed in an emergency, for example for bills or accident repairs, and quick loans may be the answer. Public Service Credit Union is more accessible in a difficult money situation simply by providing the option to apply for an online loan. This gives the customer greater freedom to move their financial plans forward without waiting for payday to do so. The lower interest rates also make them a more likely consideration for anyone looking for personal loans in Michigan.
What Checking Accounts Are Available from Public Service Credit Union?
On top of excellent personal loan management in Michigan, Public Service Credit Union also provides a variety of great checking accounts to suit any circumstance. Even the smallest sum of money will be well looked after through secure transactions and identity fraud protection.
The Basic Checking Account has all the features that are expected of a checking account. These include a debit card, 24 hours a day access, and mobile, online, and telephone banking. This account is made for those who need somewhere for their money to go without extras that will not be used. There is a monthly fee, but this is waived if the monthly balance of $250 is met.
- Direct Advantage
The Direct Advantage Checking Account has all the features of the Basic Account but with a few extras added to it. There is no fee applied, through a monthly direct deposit of $800 is required. The added benefit of the Direct Advantage Checking Account is the 10 free Out of Network PIN transactions available each month.
- Direct Advantage Plus
The Direct Advantage Plus Checking Account is more advanced than other checking accounts available. Designed to manage a greater income, this account is fee-free and has all the features of the Basic Account and the Direct Advantage Account. Dividends are also paid monthly, and there is free identity theft protection placed on the account. The direct deposit for this account amounts over $1500 each month, with an added expectation of 10 debit card transactions.
So what are you waiting for?
Which account will you choose? It is clear that Public Service Credit provides members with greater benefits and prospects for their money.
So choose Public Service Credit Union in Michigan today! Take advantage of the resources that the big banks provide but with the personal touch of a dedicated, friendly community.