Why Choose a Credit Union Over a Bank

The financial institution that you entrust with your financial present and future must be worthy of that trust. Bellco Federal Credit Union is the trustworthy place to take care of your financial needs, so we want to discuss why you should choose a credit union over a bank.

The slick ads and tech advances promoted by banks are designed to draw you in and help banks make profits for their shareholders. Credit unions are not beholden to shareholders though. Our members/owners are the focus of our efforts.

Comparing Banks and Credit Unions

Customer Service - With a bank, customer service will largely be automated and rely on the frustrating process of voice recognition, which we all know to be upsetting when we’re not understood over and over. A credit union like Bellco Federal Credit Union will have a smaller footprint and will provide actual human responses to your inquiries rather than AI generated nonsense.

Online Banking - In the past, banks could perhaps claim to be the sole source of online banking, but those days are over. Bellco FCU provides all of the advanced services you require in the modern world of finances. We offer:

  • Google Pay

  • Digital Wallet

  • Bellco Easy Pay

  • Mobile Banking

  • Online Banking

  • E-Statements

  • More

Loan Policies - Banks’ obligations lie with shareholders rather than customers. This responsibility limits the lending power of these institutions. Customers are treated with a prescribed formula, always. The obligation of Bellco FCU is to our members/owners. We consider the individual situation of every applicant, usually offering lower interest rates for lending products and even offering loans to some who wouldn’t be able to secure a loan with a traditional bank.

Savings Potential - Saving funds is as important for financial institutions as borrowing. The rates with savings accounts and CDs are often better with credit unions than banks. Compare rates to see for yourself.

Financial Education - We at Bellco FCU are invested in the community and strive to help our owners/members remain informed regarding all things financial. We offer financial resources, including professional specialists, who will be happy to help with guidance regarding everything from buying a home, establishing a savings account, or preparing for retirement.

Choose Bellco Federal Credit Union

Bell Telephone Company employees founded a company credit union in 1938 in order to help one another progress financially. Since that time, we continue in that legacy as Bellco Federal Credit Union. Our efforts focus on the improvement of the individuals and small businesses of Berks County, PA. We operate as a member-owned, non-profit federal credit union.

To become a Bellco FCU member, you’ll need to live, work, worship, or attend a school in Berks County or have an immediate family member, like a spouse, child, parent, or sibling who is a member. The cost of membership is a simple $5 deposit into a Member Savings account, and membership is life-long, no matter how circumstances may change.

Bellco Federal Credit Union consists of the members/owners; each one is a partial owner with an equal voice.

If you’re wondering why it’s beneficial to choose a credit union over a bank, it boils down to intention. At Bellco FCU, we have your best financial interests at the forefront rather than the interests of shareholders. Become one of our valued members today by calling (610) 373-5192 or clicking here.