The credit union craze has caught on around the United States as well as right here in the Fox Valley. You can find a number of credit unions to choose from in Appleton, Oshkosh, Neenah and Menasha. But what’s the big deal with credit unions?
Well, when the economy began to go downhill in 2008, many people looked to the big national banks as the problem. Everything from loan practices and account fees to customer service were attacked. Credit unions leveraged these complaints and created themselves as more responsible alternatives to banks. Since credit unions are not-for-profit, there’s no CEO or shareholders to make money for, another reason many people see credit unions as more customer-friendly. However, there are also drawbacks to using a credit union, especially when it comes to customer convenience.
For starters, most credit unions aren’t able to offer as many products and services as a community bank like FNB Fox Valley can. From personal checking and savings accounts, HSAs, IRAs and mortgages to a wide variety of banking services for businesses, everything is under one roof with FNB Fox Valley. It’s more convenient than having a checking a savings account with a credit union, but an IRA or HSA with a completely different institution.
Many credit unions also fall short when it comes to physical locations and available ATM locations. With FNB Fox Valley, you can bank at any of our four branches in the Fox Valley, and you have access to thousands of surcharge-free ATMs across the nation.
And while credit unions are thought to be more customer-friendly than banks, it’s hard to beat the kind of commitment we have to our customers and our community. Yes, we have a CEO and shareholders. We’re also a community bank, meaning we are invested in helping real, local people and businesses thrive. Our staff members donate their time to community organizations that help make a difference because, well, that’s just what we do at FNB Fox Valley.
When you’re looking for a financial partner, shouldn’t you want options, convenience and the peace of mind knowing your money stays local with people who care? That’s exactly what FNB Fox Valley offers: customer-focused banking for the betterment of our community. Come see us today!