Credit Unions Argumentative Essay

There is the saying ‘put your money where your mouth is,’ but I never had much say about what was happening to my money as a child. This was because I was well, a child, and was unable to comprehend the complex idea that my pink piggy bank wouldn’t just pay for college and my future. So it was left to my parents to decide where my savings would be held, and they decided on Ascentra Credit Union. Credit unions are nonprofit organizations. This means that their main focus and goal is to give back to their members. By having a panel of community elected, volunteer judges whose main focus is bettering the union for all who use it. Credit unions also provide aid to customers by working hard to make sure that the loan interest rates are as low as they can be, while increasing the savings rates. When comparing a credit union to other financial institutions such as a bank, there are some drastic …show more content…
In modern time paying bills and making deposits can easily be done online, so it is absurd to think that some people don’t want to put their money in a bank. Their money would be right where they know it is, but there are a few downfalls to not being a member of a financial institution. Keeping that money just in a safe in your house will insure that you have the exact amount of money, but there is no interest rate. By putting your money into credit unions or other financial institutions you are able to make money in your savings account. When learning about the differences between credit unions and other financial institutions, it made me think, a lot. There are dramatic differences when looking at where my money should be invested, and what would work best. I know now after learning more about the different types of financial institutions that a credit union was the best choice for me. At Ascentra Credit Union you are more than a number, you are a