Notice: We are currently experiencing intermittent connectivity issues.  Online Banking and Mobile Banking are currently unavailable. Thank you for your patience as we work diligently to resolve this issue.
Notice: Campbell Branch is currently closed due to building maintenance. We apologize for the inconvenience and appreciate your understanding.
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Notice: Our Gilroy branch is currently experiencing intermittent connectivity issues. Thank you for your patience as we work diligently to resolve this issue.
System Maintenance: On Thursday, February 15th, we’ll be performing a scheduled maintenance starting at 10 p.m. PST and ending at 2 a.m. PST on Friday, February 16th. During this time, Phone Banking will not be available. Thank you for your patience as we update our systems to better serve you.
We’re experiencing technical difficulties with our phone system. We apologize for the inconvenience.
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ALERT: DON'T BE MISLED. 
County Federal will never call, email or text you to ask for information. Questions? Dial us directly at 800-282-6212 - we’re happy to help.
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All County Federal offices and branches will be closed on May 27th, in observance of Memorial Day.
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Are you impacted by the severe weather? Contact us today to apply for our Emergency Relief Loan.

Why Choose A Credit Union?

Credit Unions vs. Banks

Why Choose A Credit Union?

Q: I’m thinking of switching my checking account to a credit union. How is it different than using a big bank?

I love my credit union, but I also have a checking account at a bank. Should I move my checking account to a credit union?

A: You’re not alone. Many Americans are dissatisfied with their banks, and are looking to make a switch.

As a credit union member, you can expect to have a more rewarding experience. Because credit unions are member-owned and not-for-profit, they are more attuned to the needs of their members.

While banks and credit unions offer nearly identical services and account choices, there are some differences.

Let’s take a look at how having a checking account in a credit union differs from a bank.

Account Fees

To the unsuspecting consumer, big banks may not feel like money-hungry monsters. But while they’re happy to hold onto your money, once your account is up and running, expect to get hit with steep maintenance fees. The average bank charges consumers close to $150 each year for having an open checking account.

On the flip side, many large credit unions offer free checking or make it easy to avoid the fees, so you can set up your account and keep it running without it costing a dime.

Overdraft fees

Sometimes, you miscalculate the funds in your account and overspend. If you make this mistake on a checking account at a bank, get ready to cough up those overdraft fees!

These fees usually top $30, and some banks will make consumers pay the penalty for each transaction they make while their account is overdrawn.

Most credit unions will be more willing to forgive the occasional error. While some credit unions do charge an overdraft fee, on average, these fees are a lot lower than what banks demand.

Fewer strings attached

Most big banks won’t allow you to open a checking account unless you have a minimum balance of several hundred dollars. In contrast, 76% of credit unions have no minimum balance requirement at all.

Credit unions are government-regulated

Both credit unions and banks are federally governed. A credit union that’s federally insured, like a bank with federal insurance, covers your accounts up to $250,000.

However, credit unions face more government restrictions on their investments and loans than banks do. This means your credit union has to be super-careful with how it invests your money.

Superior service

When you’re banking with family, you don’t have to worry about overworked tellers, court managers, or representatives who are indifferent to your individual needs.

Ready to become a credit union member? Join County Federal!

Become a Member

Already a member, but know someone who could benefit from County Federal Membership?

Refer a new member

Content Source: CUContent

NCUA
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender
Certified - CDFI - US Department of the Treasury
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