Myths about Credit Unions - Debunked
If you’re already a valued PFCU member, you know of the benefits that a credit union has to offer. However, if you’re loyal to your bank or skeptical of joining, please allow us to address concerns that either you have had or what you’ve read about.
Myth: Credit Unions Don’t Offer Rewards Programs
Explanation: While banks offer rewards programs, there are often fees associated with them.
Truth: PFCU offers Purchase Rewards for qualifying purchases made with a debit card. The more that you use your card, the more offers you will receive and the more rewards you can earn.
Myth: There aren’t enough Branch Locations or ATMs near me.
Explanation: You can open a PFCU account online and access your account 24/7 through online banking and our mobile app. PFCU belongs to a network of surcharge-free ATMs.
Truth: You can find a convenient branch location here and our ATM and debit cards are accepted almost anywhere.
Myth: Credit Unions are difficult to join
Explanation: Some types of credit unions that serve specific employers may be difficult to join, but others, like PFCU aim to serve a geographic location. If you live, work, worship, study or do business in Philadelphia or Columbia Counties, you can open an account.
Truth: Most PFCU accounts do not require fees. Join PFCU now.
Myth: I can’t tell if credit unions are advanced in their technology, I rarely see advertisements for their apps or online banking.
Explanation: PFCU offers online and mobile banking that includes digital wallets and a variety of eServices.
Truth: Check out our Mobile Banking app, Digital Wallet and eServices.