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[/custom_frame_left]Have you ever wondered why you’re paying monthly fees at your current bank? There is a simple explanation – banks are profit driven. Their goal is to make money for their investors and stock holders, not their customers. Take a look at your statement from your bank; do you see a monthly maintenance fee? Now multiply that amount by 12 months and that is what you’re really paying, simply to hold your money there. Any profit acquired by the bank certainly is not handed down to its customers.
But a credit union like State Employees Credit Union is member driven. Credit unions are actually not-for-profit organizations, so any profit acquired after paying overhead costs directly benefit the members. A credit union is insured just like any other financial institution. The National Credit Union Administration, or NCUA, covers all of our members for up to $250,000.00.
Credit unions are designed to service a certain group or geographical area, comprised of members with common interests.
SECU is locally owned and operated by its members, who are treated as much more than just customers. We do not charge monthly fees and do not have any penalties on our savings accounts or checking accounts.
SECU’s rules are simple. All it takes is $50 to establish a savings account which then opens up your membership – for life. We offer special programs to our members such as Christmas Clubs, Vacation Clubs, secured loans and credit cards, in addition to regular debit and credit cards. We also offer the technological conveniences of major banks – eStatements, online banking, and online bill pay. And of course our financial experts are always available in person or by phone.
If you bank with SECU, there will be no monthly maintenance fees, no monthly balances to be kept – you get to keep all of your money at the end of each month! Are you already a member of a Credit Union? Do you love your Credit Union?
A New Mexican Perspective
