Recently, we were honored by our national association, CUNA, with a Member Benefits Award. This award goes to credit unions that deliver the highest quality direct financial benefit to their members.
Jim Nussle, CUNA president/CEO, explained how they determined which credit unions qualified for the award. "We calculated how each credit union's members benefitted by using their credit union compared to local bank averages" of savings and loan rates and fee information.
While it’s exciting for us at Hanscom FCU to be recognized, it’s our members who really get the rewards. Rewards like no-fee credit card balance transfers or a home equity line of credit with no closing costs and no minimum draw.
These loans allow our members to make good financial decisions, like consolidating loans or establishing an emergency line of credit, without paying a lot of unnecessary fees.
On the deposit side, one of our most popular savings accounts, the CU Thrive Account, offers a 3.00% APY (that’s short for Annual Percentage Yield) on deposits between $5 and $500 per month. It’s a great way to make savings a regular part of your life.
We offer free checking that really is free. There’s no fee to open an account, no minimum balance, no monthly service fee, no minimum balance requirement. Your first order of checks and your ATM & Check card are free.
Don’t get me started about our nationwide surcharge-free ATM network. With the most common fee at three dollars, according to a Bankrate.com survey, that’s a $156 savings over one year if you visit the ATM weekly.
OK, I realize I sound like a certain overly-perky insurance saleslady, but you get the point — and the rewards! We offer tremendous value to our members, for loans and deposits, and it’s noticed by our national organization.