Education is Essential

5 Benefits of Joining a Baton Rouge Credit Union

The benefits of opening a financial account with a credit union can be far greater than those of a bank account. But you may be asking yourself, “What is a credit union?” Simply put, a credit union is a not-for-profit, member-owned financial institution. And choosing a credit union could give you additional advantages that you may not find anywhere else. Learn why choosing a credit union, such as Essential FCU, may be the best financial choice.

Benefits of Using a Baton Rouge Credit Union

Unlike big banks, credit unions thrive from their members. And we don’t just mean financially, we encourage a strong sense of community! When you join a credit union, you also become a part of an exclusive community dedicated to supporting your financial wellbeing. Still not sold? Take a look at five benefits of using a Baton Rouge credit union like Essential FCU.

Made for You, Owned by You

Credit unions, unlike banks, are member-owned financial institutions. When you become a member of a credit union, you also become an owner. Your initial deposit represents your investment in the credit union. Here at Essential FCU, once you become a member of any of our Baton Rouge credit unions—you become a member for life. Your investment in the credit union goes toward helping other members get services such as mortgage and auto loans. In other words, we’re invested in you.

Personalized Customer Service

Since credit unions thrive off of the success of their members, they are more willing to help you save! With human-centered customer service, you are more than just an account number. Baton Rouge credit unions like Essential FCU listen to the needs of their community. This helps us offer more personalized customer service. Credit unions provide an array of services, including:

  • Financial education courses.
  • Assisted services.
  • Debt protection.
  • Financial calculators.

Lower Rates and Fees

For-profit banks rely on service fees, loans, and interest rates to make their money. Our credit union doesn’t require high rates and fees to stay afloat. Your pockets can rest easy knowing that you only pay what you have to. You can even earn money with credit unions through higher interest rates on savings accounts. 

Insured by National Credit Union Administration

The National Credit Union Administration (NCUA) backs federal credit unions to ensure our members are well taken care of. The NCUA does this by individually insuring members for up to $250,000. Stay safer with our credit union than with a run-of-the-mill bank.

Quality E-services

Dated technology is a common concern among credit unions. Many smaller credit unions don’t have enough membership to maintain modern mobile banking services. Here at Essential FCU, we know that it’s essential to be able to bank your way. Our team offers a large variety of quality 24/7 e-services, including eBanking and eMobile. 

Looking to Join a Credit Union in Baton Rouge?

Ready to make a change in the way you do banking? Become a member of Essential Federal Credit Union of Baton Rouge! You can apply online or swing by our Siegen Branch for an application! For any questions or concerns, please call us at 225-353-8238. For email, you can reach us at eservices@essentialfcu.org. We look forward to welcoming you to our family.