Credit unions play a vital role in building strong communities. As member-owned financial cooperatives, they put the needs of their members first and benefit local economies.
Credit unions, like APGFCU, strive to create opportunities for financial growth and strengthen the economic foundation of the areas they serve.
There are many reasons why credit unions are beneficial and essential for a flourishing local economy. Read on to learn more about the benefits of joining a credit union like APGFCU.
Why Credit Unions Are Good for Their Communities
Credit union community involvement is a cornerstone of their commitment to serving members and the local area. They actively participate in local events and support community projects. This helps strengthen community ties and support local development.
At APGFCU, commitment to the community is rooted in action. The credit union partners with local organizations to offer support through charitable contributions and dedicated volunteer work.
Education is another key priority. The credit union awarded over $66,000 in scholarships in 2024 to help local students achieve their academic dreams. This includes awards for teens and adults pursuing higher education in the community.
APGFCU also provides crucial assistance during difficult times through an Emergency Assistance Program. This vital resource helps members affected by disasters or financial setbacks, such as government furloughs, when they need it the most.
What Sets Credit Unions Apart?
Credit unions offer much more than serving the community and putting members’ needs first. Here are several reasons why many people choose a credit union over a traditional bank:
Personalized Services Tailored to Your Needs
Personalized service at APGFCU goes beyond just knowing your name—it's about understanding your unique financial situation. The team takes the time to get to know you, offering tailored advice and financial solutions that fit your needs.
From savings accounts to business loans and everything in between—products and services are designed to suit members’ needs.
Competitive Rates
One of the key benefits of joining a credit union like APGFCU is highly competitive rates on savings accounts, loans, and other financial products. Rates are often more favorable than those available at larger banks, which is a testament to the commitment of putting members first.
Adult Financial Education
APGFCU offers a comprehensive Adult Financial Education program, including partner resources like Banzai Direct, CheckRight, and GreenPath LearningLab+. Programs enhance the financial literacy of community members, and empower them with knowledge for better decision-making.
In addition, APGFCU is committed to financial wellness in the community. Financial education classes, lunch and learns, and customized workshops are conducted at offices, community organizations and online.
By sharing expertise through these initiatives, the credit union aims to equip people with money management skills essential for building wealth and securing financial futures. Workshops and seminars empower individuals with critical knowledge to take control of their financial lives.
Manufactured Home Loans
In addition to first mortgages and home equity loans and lines of credit, APGFCU also provides loans for manufactured homes. This program provides a more affordable housing solution, particularly to lower-income individuals or families. It reflects the credit union’s commitment to making home ownership accessible to a broader segment of the community.
Benefit Programs
The credit union offers a range of tailored benefits and rewards to members. This includes attractive rates and reduced fees, catering to different financial needs. For example, the MyTimes program provides specific advantages for members aged 50 and above.
Insurance Programs
Insurance offerings encompass various options, including discounted auto and home insurance through strategic partnerships. Diverse protection plans are provided, ensuring members' peace of mind across critical areas. This comprehensive coverage safeguards members' financial futures.
Credit Building Opportunities
The Credit Builder Program focuses on improving members' credit scores. It offers a selection of secured and unsecured loan types, targeting financial stability and creditworthiness improvement. The program rewards consistent repayments with potentially more favorable loan terms, aiding in members' financial growth.
Account Security
APGFCU prioritizes the security of members' financial information with robust measures. This includes educating members on identity theft prevention, online banking security, and scam awareness. This proactive approach ensures members' financial safety in an increasingly digital banking environment.
Take the Next Step Towards Financial Empowerment
Joining APGFCU means more than just opening an account—it means you become part of a supportive financial community that values each member. As a member-owner, your voice contributes to decision-making.
Your membership helps support this local credit union and the financial benefits it provides to the community. From competitive rates to quality service and member education programs, your participation strengthens these member-focused offerings.
Click below to learn more about how APGFCU benefits our members and the local community.