Thank you to Golden 1 Credit Union for sponsoring this post. All thoughts and opinions belong to LMents of Style.

Since moving to California 2 years ago, my husband and I have experienced a lot of new things - earthquakes, fire evacuations, higher taxes, and most recently our expectant twins! Couple the above with getting older (we ‘re both in our 30’s now) and you’ll see why we have been trying to buckle down on our finances. For that reason, I’m excited to share Golden 1 Credit Union with you today, as joining a credit union can help with all of the above and then some!

WHAT IS A CREDIT UNION?

A credit union is a financial institution similar to a bank; however, the credit union is an actual union… meaning that it has members. By joining a credit union, you become a member! A bank’s priority is to its shareholders; whereas, a credit union’s priority is to its members.

HOW DOES A CREDIT UNION DIFFER FROM A BANK?

• Non-profit. A credit union does not have a bottom line to tend to, as they’re there to serve you only. A bank’s goal is to make money, which influences all of their decisions. A credit union doesn’t have to consider that and can put you and your needs first.

• Lower loan rates, higher savings rates, and reduced fees. Because a credit union doesn’t need to churn a profit, it can focus on getting the best deal possible. This often means lower interest on loans, better interest on savings, and less fees all around.

• More personalized customer service. A credit union is smaller than a bank and often more local. They end up treating you like one of the family, because as a member, you technically are! This allows for deeper connections and better business. You’re more than a number - you’re a a name and a face.

• Keeps money local. Credit unions are typically region or state specific. This not only keeps your money in your community, but it fuels jobs for the people around you too.

WHAT CAN GOLDEN 1 CREDIT UNION DO FOR ITS MEMBERS?

If you live or work in California, you’re eligible to become a member of Golden 1 Credit Union! Here are some benefits of becoming a member:

• Fast turnarounds on home loans

• Flexible terms on auto loans

• Early direct deposit

• Complimentary services

• Community service to better the lives of surrounding neighborhoods

Mine and Nick’s main focus has been saving money for our retirement, the twins, and of course for a house. Babies and hospital bills are expensive, as is the California housing market. When the time comes, we are so glad to have Golden 1 Credit Union on our side since they don’t just care about the houses, cars, and money in the bank. They actually care about us!

Thank you to Golden 1 Credit Union for sponsoring this post. All thoughts and opinions belong to LMents of Style.