Dreams Thrive Here
International Credit Union Day - celebrated on the third Thursday of every October, is a celebration of the philosophy and achievements of the credit union movement. UFirst FCU, along with 56,000 credit unions around the world, celebrate ICU Day because we believe in the not-for-profit structure and people-first principles of credit unions, making them the ideal financial partner for all people. This year's ICU Day theme is "Dreams Thrive Here," a celebration of how credit unions help people achieve their biggest goals in life.
"Because of the credit union, I have been an owner of new cars, loans for various reasons and financial advice. Thank you for being there for me. I have always felt you put me first." ~ Candy, member since 1980
As an existing member of UFirst FCU, you may not be aware of some of the myths or misconceptions that there are about credit unions. Credit Unions are not viewed the same as banks and while we're alike in some ways, we're also very different. Here's Why:
The 4 Biggest Credit Union Myths - With International Credit Union Day right around the corner, we’d like to clear up the four biggest myths about credit unions:
- They aren’t big enough - there are big and small credit unions, but just like banks, your deposits at a credit union are insured by the federal government up to $250,000.
- It will be hard to access my money - many credit unions have access to a network of 30,000 free ATMs and 5,000 shared branching locations, making it easy for you to access your money anywhere. UFirst FCU is in the process of adopting this CO-OP network to better serve our members.
- I can't join - anybody can join a credit union. You may be eligible based on your employer, where you live, or your family, as most credit unions allow members’ families to join.
- They don't offer as many perks as banks - credit unions offer the same financial products as banks—checking accounts, debit and credit cards, online banking, IRAs (individual retirement accounts), and home and auto loans—but because they’re not-for-profit, they often offer better rates than banks.
Bottom-line, Credit Unions are owned by their members, not shareholders, so our money stays in the community, and we work for you, not far-away shareholders.
So, on Thursday, October 19th, we'd like to say Thank You! We appreciate your support of UFirst FCU and the credit union movement and we'd like to invite you to visit one of our convenient locations for snacks, refreshments and some UFirst swag items. They'll even be some surprise give-a-ways for our members throughout the day! Again, thank you for being a member (and owner) of UFirst Federal Credit Union!