The majority of people who join a credit union are used with a huge company, business, or a health center. Credit unions are non-profit fiscal entities. They function much like a lender to a certain degree, but they do not provide all the services which a lender has.
Even though the membership is open to certain group affiliations, for those that can join a credit union, you can take advantage of the benefits that it offers. You can also find credit union e-statements via https://en.psfcu.com/e-statements
Being a part of an affiliated group or organization makes your chances easier for you to join.
They offer savings and checking accounts to their members, just like a regular bank would. Some of the other benefits of using a credit union include having a free checking or interest-bearing checking account. With a free checking account, you won't incur monthly charges.
Having a free checking account from a credit union can help you save money every year. With an interest-bearing checking account, there are no monthly charges to deal with, either.
You would gain interest regardless of the balance in the account. They also offer ATM cards in the event that you need money right away.
They offer loans to their members. These loans have lower interest rates than you would find at a regular bank. They don't charge enormous fees.