Five Reasons to Talk with Your Credit Union First

When you’re starting to look for a new home—and that typically includes looking for a home loan as well—you’ll find many different mortgage companies and financial institutions who want your business. We suggest you do your homework before choosing someone to work with—and talk with your credit union first. Here are five reasons why.

1. Trust

Simply put, you matter to your credit union. And because as a credit union member, you’re a credit union owner, your credit union is accountable to you!

2. Service

Your credit union is committed to providing you with exceptional service and support that are tailored to your needs and financial goals.

3. Savings

Your credit union is not-for-profit, but for service. Since it isn’t in business to generate maximum profits for its shareholders as well as take care of customers, a credit union will typically offer lower fees and competitive rates along with that great service.

4. Loans to suit your needs

Your credit union will work with you to talk through your options and determine the best mortgage to fit your individual needs. They are interested in finding the loan that works bet for you, not fitting you into a loan.

5. Loyalty

You are not a number at your trusted credit union—and you never will be. Your credit union works hard to build a lifelong relationship with you and strives to get to know you and your needs and goals, making recommendations as they change. If you apply for a home loan at your credit union, that’s just one aspect of your lifelong financial relationship.

Purchasing a home is one of the biggest financial decisions of your life, so it makes sense to work with someone who will be working with and for you. Start the conversation with your credit union.

This educational article is provided as a courtesy by your credit union’s home loan partner, myCUmortgage. For information regarding your unique home loan needs, please work with your credit union loan officer.