Western Connecticut Federal Credit Union has been open since 1966. The credit union has assets totaling $27.34 Million and provides banking services to more than 4,000 members. Here are some of the questions that people ask.
How is a credit union different than a bank?
Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.
Is a bank or credit union better?
Credit unions generally provide better customer service than banks do, though the ratings for smaller banks are nearly as good. Credit unions also offer higher interest rates on deposits and lower rates on loans. Banks often adopt new technology and tools more quickly.
How does a credit union work?
On the surface, credit unions look a lot like banks. They both hold deposits, make loans, issue checks, and ATM cards, and offer investment services. ... Banks are for-profit companies. They make money by charging interest on loans, collecting account fees and reinvesting all that money to earn more profit.
Can anyone join a credit union?
Anyone can join a credit union, as long as you are within the credit union's field of membership. ... Family - Most credit unions allow members' families to join. Geographic Location - Many credit unions serve anyone that lives, works, worships or attends school in a particular geographic area.
Western Connecticut Federal Union is located at 2 Stony Hill Road, Bethel, CT. Unlimited Signs, Designs, and Graphics did their traffic signs. For more information on traffic signs, check out Unlimited Signs, Designs and Graphics website at unltdsigns.com. You can stop by the store at 72 F Grays Bridge Road, Brookfield or call at 203-546-7267.