Banking with a Credit Union & Building Society

Why choose a credit union or building society?

There are so many reasons why you should choose a credit union or building society over a bank. Perhaps the question you should be asking is: “Why am I not choosing a credit union or building society over a bank?”

The most important reason for choosing credit unions and building societies is they are mutuals, meaning they put their members first.  As a member of a credit union or building society, it all comes back to you.

Credit unions and building societies are not publicly-listed companies and so, unlike banks, don’t have the pressure to maximise profits to pay external shareholders.

Instead, they put their profits back into better rates, fairer fees, responsible lending and outstanding customer service. Each credit union and building society will design its own products and set its pricing to meet the needs of its members.

Credit unions and mutual building societies exist for their members.

For some more good reasons why you should switch to member-owned banking, click here.