UFCU17-0008_Blog-Image

Top 3 Reasons Why Credit Unions Are The Smart Choice

Credit Unions vs. Banks: It’s a divide as dramatic as Batman vs. Superman. OK, so you may not go to the movies to see it play out, but your decision of where to do business has a significant impact on your financial future — and that’s about as dramatic as it gets.

With increasing fees, people are taking a step back to consider which financial institution is right for them, and what credit unions have to offer. If you find yourself on a similar path, here are few things you need to know about credit unions:

1. Credit Unions Are Not For Profit

Credit unions truly have their members’ best interests at heart because they are not-for-profit institutions. Instead of focusing on the bottom line, credit unions are focused on their members and how they can better serve them.

2. Credit Unions Are Owned By The Members

As a member of a credit union, you are also a part owner, which means when we say your opinion counts, we really mean it. Because credit unions are controlled by the very people who use the institution, there is no disconnect between management and the members. All work together to ensure excellent customer service and competitive rates and fees.

3. Credit Unions Have Lower Rates and Fees

Because credit unions are not for profit and are owned by their members, they are able to offer lower rates and fees. In addition to that, credit unions are usually smaller institutions and are therefore able to function with less overhead, saving their members money.

The Utah First Difference

At Utah First Credit Union, we sincerely care about our members and our community. Your financial success is our #1 goal.  We’ve been serving our members for over 80 years, and with that experience comes reliability that you can count on. Learn more about becoming a member here.

News & Events
Sep 20, 2017 / Security

In today’s digital world, data security is becoming increasingly important. From bank transactions and credit applications to online shopping and even your taxes, you transmit your personal information over the internet on a regular basis, and you trust that it will be kept safe from...

Sep 13, 2017 / Money Tips

Nobody likes to talk about saving money, but secretly everyone is trying to do it. It’s the paradox of penny pinching. Sure, it takes a little discipline and some basic planning, but saving money is easier than you might think. So, whether you’re saving for a rainy day, or simply...

Sep 06, 2017 / Auto & RV

You probably won’t notice it happening, but the moment you buy a new car and drive it off the lot, your car experiences instant and irreversible depreciation. In fact, by some estimates, your car loses as much as 11% of its value just by crossing that critical threshold. And, it...

Corporate
200 E South Temple
Salt Lake City, Utah 84111
800-234-0729
Monday - Friday: 9:00 am - 5:30 pm
View In Google Maps
Routing & Transit Number: 324079500
NMLS # 446035

Utah First Federal Credit Union is federally insured
by the National Credit Union Administration.