Next time you drive around town, pay attention to the number of financial institutions you pass. Chances are you’ll see a variety of national, regional, and local banks along with several investment firms. You’ll probably see a credit union or two as well. With so many banking options, it’s natural to wonder what makes a quality credit union stand out from the crowd.
After more than 50 years of helping our members achieve financial success, we’ve identified three keys that make Great Meadow Federal Credit Union a beneficial part of any financial strategy. We call them the “Three C’s.”
The Three C’s of a Successful Credit Union
Convenience: Because of their focus on performance over time, most investment firms offer extremely limited cash management services. By combining investment options with the ability to wire funds, make ACH transfers, and access mobile banking services, a Great Meadow account offers more control than a traditional brokerage account. As an added benefit, members who open a share certificate at Great Meadow can withdraw at any time without penalty.
Comfort: Traditional bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC), and credit union accounts are insured by the National Credit Union Administration (NCUA), both up to $250,000. For members who have more than $250,000 in an insured account, diversifying is a strategic way to maximize financial protection and secure additional peace of mind.
Community: As an organization, we are committed to giving back to the communities we serve. When you trust our credit union with your money, it allows us to leverage those funds for loans that benefit the community. You can feel good knowing that as you invest with us, we are investing it back into our community.
As we offer the “Three C’s” of convenience, comfort, and community, the Great Meadow team also works hard to give our members one more “C”—confidence. To find out how we can help you secure your financial future, contact us today.