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Personal Finance

The Millennial Movement

 

As the generation with the freshest perspective on personal money management, credit unions are asking one question. What does it take to earn your business? So a credit union organization recently took to the streets to ask that question. What they found is that while Millennials know what they’re looking for, they aren’t quite sure where to get it.

So what is a credit union?

Credit unions are financial co-ops. They serve the same function as banks - a place to park your money and get loans. Banks report to Wall Street because shareholders own them. Credit unions are funded by the members who belong to them and are run by an elected volunteer board. Financial Center First Credit Union is a full-service credit union offering traditional banking services as well as business and insuranceservices. We also provide investment services through our broker dealer, CUSO Financial Services. L.P.2

What makes credit unions a better alternative?

Credit unions are member-owned. Profits are invested back in the membership in the form of competitive loan rates, lower fees and technology investments that improve the banking experience. As a part of the "Credit Union Creed", all credit unions focus on making a social impact in their communities. At Financial Center that means delivering personal service to ensure members financial lives improve and supporting other non-profit organizations that benefit the community we all live in. Does your bank do that?

Can you become a member of a credit union?

Absolutely! While credit unions have membership eligibility requirements, they’re pretty loose. You must either live, work, worship, attend school or volunteer in the greater Indianapolis area to become a Financial Center member. That’s it!

Why should you become a member?

Credit unions provide the same banking and convenience services you need. And, when you’re ready to take that next financial step, credit unions can provide the personal guidance you need to make the leap to home ownership, starting a business or making a retirement plan without worry or stress.

Look into what credit unions have to offer. Knowledge and membership are just a click away.

1Insurance service provided by Financial Center Services (FCS), LLC. Financial Center Service Corporation is a Credit Union Service Organization owned by Financial Center First Credit Union. Sales and servicing of all insurance products is the responsibility of the Credit Union Service Organization. Insurance products or services are not insured by the NCUA. 

2Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. CUSO Financial Services, L.P. and its representatives do not provide tax advice. For such advice, please contact a tax professional.

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI