Why Choose a Credit Union?

Choosing a financial institution is about more than where you store your money. It can affect the rates you get, the fees you pay, and the service you receive.

Here’s why some people choose a credit union.

What’s a credit union?

A credit union is a not-for-profit financial institution owned by its members. Like banks, credit unions provide accounts, loans, and other tools for managing money.

Megan and Andrew, Affinity Plus Members

Credit union Myths vs. reality

MYTH: Credit union ATMs are only local.

REALITY: Credit union ATMs are nationwide.

Many credit unions are part of shared ATM networks, so you can access your money in thousands of locations across the country.

At Affinity Plus, members get access to 60,000 no-fee ATMs nationwide.

MYTH: Credit unions lag in technology.

REALITY: Credit unions offer modern digital tools.

Many credit unions offer modern digital banking experiences, with tools to help members stay on top of their money.

The Affinity Plus mobile banking app (4.8 ★) lets you deposit checks, track spending, and manage your money from anywhere.

MYTH: Credit unions are exclusive and hard to join.

REALITY: It’s easy to become a member.

Many credit unions have simple membership requirements, and joining is often easier than people expect.

If you live or work in Minnesota, you may already qualify for Affinity Plus membership. See how you’re eligible.

MYTH: Credit unions aren’t a safe place to store money.

REALITY: Credit unions are just as safe as banks.

Deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF) and backed by the full faith of the U.S. government.

Learn more about how we’re insured.

The credit union difference

Nicholas and Elsie

Built for Members, Not Shareholders

Big banks are for-profit companies owned by shareholders. Credit unions are not-for-profit cooperatives owned by their members — the people who bank there.

That difference changes priorities. Instead of maximizing profits, credit unions return value to members through better rates, fewer fees, and personal service.

Rates & Fees: Small Differences Add Up

Because credit unions are member-owned, the focus is on returning value to members.

That often shows up as competitive rates on loans and savings, and fewer fees compared to other financial institutions.

Personal Support When It Matters

Large banks operate at a broad scale, which can make service feel less personal. Credit unions tend to focus on relationships, with local staff who help members navigate big decisions.

Dig a little deeper with Affinity Plus

Hear it from our members

Full-service banking, made for you

It’s all here – the products and services you’d expect from a big bank, but with better rates and fewer fees.

Megan