advantages of opening a checking account with a credit union


Couple looking at bank statement and using the phone.

Credit unions and banks offer many of the same products and services, such as checking and savings programs. However, credit unions are quite different in their approach to serving their member-owners. Their dedicated employees also make the difference. Civic-minded, they live in the same communities as you. They shop at the same stores and attend the same schools and churches. Like you, they have a stake in your communities and in your personal success.

Credit unions and banks have many significant differences. Banks rely on fees and interest rates to turn a profit for their shareholders, while credit unions are not for profit, and earnings are given back to member-owners in the form of higher dividends, lower loan rates, and lower fees.

Choosing a Credit Union, such as BlueOx Credit Union, provides you with the following advantages:

  • Higher dividends and lower rates: Since credit unions are focused on people helping people and giving back to member-owners rather than turning a profit, they typically offer higher dividend rates on deposits and lower interest rates on loans.

  • Lifetime membership: Most credit unions have specific rules regarding membership. You may have to work in a certain industry, be enrolled in school, or live in a specific geographical region to qualify for credit union membership, but once you are approved, you become a member for life, even if you no longer meet the qualification criteria.

  • Credit approval: Unlike banks, credit unions care about your financial health and are willing to work with members with lower credit scores. Member Service Advisors will work with you to find solutions that meet your financial needs and assist you in regaining control of your financial situation and building your credit. BlueOx Credit Union has also partnered with GreenPath Financial Wellness to provide you with access to debt management services and free one-on-one financial counseling and financial education tools.

benefits of an eXclusive checking account

Since 1936, BlueOx Credit Union has been providing quality financial services that will improve and make a difference in the lives of our members, employees, and communities. Our mission is what drives us to do everything possible to expand financial freedom. We do that by building a creative and inclusive team, by making a positive impact in communities where we live and work, and by offering innovative products and services, such as our eXclusive Checking Account.

An eXclusive Checking from BlueOx Credit Union offers you a free Checking Account that pays high dividends and offers ScoreCard Rewards on debit card purchases – PLUS so much more! It does not require you to maintain a minimum balance and offers unlimited withdrawals and deposits. You'll also have 24-hour access to more than 30,000 CO-OP Network, Alliance One, and SUM surcharge-free ATMs nationwide. Our free Mobile App makes it easy for you to pay bills or deposit money via your cell phone, and there are no hidden fees or restrictions. We credit dividends monthly, so you can save the most money possible with eXclusive Checking at BlueOx Credit Union.

apply today!

Take advantage of all the benefits of an eXclusive Checking today! Apply within Online Banking, stop by any of our branches, or contact a Member Service Advisor at (800) 648-8035.

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