TOOLS TO GET YOU AHEAD
Almost all of us could use a little help understanding the differences between credit unions and banks. While both options have pros and cons, one might be more suitable for your current financial goals.
Better rates
Lower fees
Free financial education
How would you like to own part of a financial institution? Because when you’re a Philadelphia Federal Credit Union member, that’s exactly what you get. As a credit union, we’re member-owned. Which means no shareholders. No fat cats. Just ordinary people interested in low fees, great rates, financial education and helping their community thrive.
Big banks can accept anyone as a customer. In contrast, credit unions are membership-based organizations with guidelines governing who can join. Here's how it works at PFCU:
Signing up is a snap. Just open up a PFCU Regular Savings account and make a deposit, and you’ll qualify as a PFCU member. Take a moment to open a PFCU Regular Savings account online.
At PFCU, membership has its fair share of rewards. Lower fees. Better rates. Free financial education. And, when you're a member, you're actually a part-owner of our credit union. Therefore, you’re part of a not-for-profit cooperative of people helping people.
Almost all of us could use a little help understanding the differences between credit unions and banks. While both options have pros and cons, one might be more suitable for your current financial goals.