Is a Credit Union a Good Place for Loans?

So, you need a loan. There are two options that you know that you can take advantage of; the bank or a credit union. You have started to go through the pros and cons, but the main question that you need to answer is why should you borrow with a credit union instead of a bank?

Exceptional Member Services
GO Federal Credit Union in Dallas County is known for having exceptional member services which makes people feel good about using GOFCU for their loan needs. If you are not already a member, you can easily become a member with GO Federal Credit Union if you live, work, or worship in Dallas County. Once you become a member, a representative can discuss the different types of loans available for your needs.

More Generous Terms
The cost of borrowing money to buy a home, an automobile or anything else will likely be much less for credit union members. This is because credit unions charge their members lower interest rates than traditional financial institutions do. Credit unions don’t have shareholders to please with massive earnings reports. It is their mission to help their members get more from their money. This means the cost of loans tendto be lower, interest returns on savings are likely to be higher and the terms of obtaining credit may be less stringent for members.

When looking for ways to make your money go farther, you will find that GO Federal Credit Union provides a way to do so. Come in and speak with a loan specialist today at one of our branches. Call us at 214-742-6551 or visit us online.We look forward to talking with you and helping you reach your financial goals.

Federally insured by NCUA and Equal Housing Lender