Energy Capital Credit Union

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Why You Should Choose Energy Capital Credit Union

Posted on: May 1, 2016

If you aren’t familiar with credit unions, we have a proposition for you: read this entire article. If we make a good argument, apply for membership today! If you aren’t convinced, we would love to answer any questions you have.

Credit unions are different from big banks and other financial institutions in many important ways.

First and foremost, we aren’t here to profit off of you. We only exist to serve our members. We do not issue stock or pay dividends to outside stockholders. Instead, all of our earnings are returned to our members in the form of lower loan rates, higher interest on deposits, and lower fees. Also, we pay taxes- payroll taxes, sales taxes, and property taxes. However, we are exempt from federal income taxes because all the money we make is reinvested back into our members.

Credit unions are an economic democracy. Every member of our credit union has equal ownership and one vote- no matter how high or low your account balance. Every customer we have is both a member and an owner. Alongside that, the board members are all credit union members- just like you. They focus on the real issues you face, and they are all elected by you. We are constantly striving to provide you with all the information you need to become a better educated consumer in order to reach your financial goals.

We offer a variety of products and services to make sure our members are on the path to financial success including:

  • Online and mobile banking for your convenience, because we know you’re always on the go.
  • Insurance to help protect you and your loved ones in case the unexpected happens.
  • Multiple types of checking and savings options that are tailored to your specific needs.
  • A variety of loan options with low rates, flexible terms, and affordable repayment options.

Here at Energy Capital Credit Union, we believe that everyone deserves the chance to find the right credit union, join it, and fall in love. Contact us today and become a member!