{"id":10420,"date":"2024-09-04T10:01:32","date_gmt":"2024-09-04T16:01:32","guid":{"rendered":"https:\/\/www.dncu.com\/?p=10420"},"modified":"2024-09-04T11:25:25","modified_gmt":"2024-09-04T17:25:25","slug":"unique-services-and-features-of-credit-unions-that-you-wont-get-at-small-banks","status":"publish","type":"post","link":"https:\/\/www.dncu.com\/es\/blog\/unique-services-and-features-of-credit-unions-that-you-wont-get-at-small-banks\/","title":{"rendered":"Unique Services and Features of Credit Unions That You Won\u2019t Get at Small Banks"},"content":{"rendered":"

It may seem like all financial institutions are basically the same, but that isn\u2019t true. When it comes to choosing between a credit union vs. a small bank, there are several important distinctions. In this article, we\u2019ll cover nine unique services and features you can only find at your local credit union. Keep reading for everything you need to know about why a credit union like Del Norte could be right for all your banking needs.<\/p>\n

Member-Owned<\/h2>\n

While banks are owned by shareholders and investors, credit unions like Del Norte are member-owned, resulting in a better experience<\/a> for our member owners. For example, our financial services are designed to meet every need\u2013from checking and savings accounts to loans, investments and financial planning, and home and auto insurance. When you need assistance, we offer 24\/7 member support as well as eight branch locations where you can get in-person help.<\/p>\n

Member owned means that every member has an opportunity to participate in the governance of our credit union, with voting rights provided on a one-member, one-vote basis, regardless of deposit size. Profits are redistributed to members through improvements to services, higher returns on savings, and lower rates on loans.<\/p>\n

\"Senior<\/p>\n

Membership Based on a Common Bond<\/h2>\n

The presence of credit unions in the U.S. dates back to the early 20th century and the field of membership has always been based on a common bond such as your employer, geographic location, or other group affiliation (places of worship, schools, labor unions, or HOAs). Relatives of members can also join the same credit union.<\/p>\n

Commitment to Bettering Communities<\/h2>\n

As local financial institutions, credit unions are dedicated to investing in and supporting the communities they serve. That is especially true at Del Norte, where our common bond revolves around our New Mexico service area. Our community engagement includes the Del Norte LOV Foundation, a non-profit organization that strives to improve the lives of our New Mexico youth and families, as well as local events<\/a> for shredding and member appreciation, community sponsorship<\/a> programs, and college scholarships<\/a> for high school students. Help Del Norte Credit Union celebrate International Credit Union Day on October 17, 2024<\/a> by stopping by one of our branch locations.<\/p>\n

\"DNCU<\/p>\n

Credit Unions are Non-Profits<\/h2>\n

Credit unions are not-for-profit financial institutions, which means our members\u2019 best interests are at the forefront of all decisions and product offerings. Surplus earnings are returned to members through higher savings rates, special offers on loan rates, and more. The point is that we\u2019re motivated to serve our members and community first, not to pay fat salaries to executives or provide a good return to investors.<\/p>\n

Unique Benefits<\/h2>\n

Because of their not-for-profit status and focus on members, credit unions often offer unique features and benefits you won\u2019t find at your local bank. At Del Norte, that looks like:<\/p>\n