If there’s ever a time that “millennials” need cooperatives, it’s now.
The last ten years have been quite transformational for this generation of young adults. Younger millennials just graduating college likely saw their parents lose jobs, benefits, and pensions while bank executives lost nothing. According to a study by Filene Research Institute, millennials make about as much (rather, as little) as previous generations, but factor in the average student loan debt of $27,000 and that take home pay is quickly eaten up.
Despite that, millennials are principled and they maintain an optimistic outlook about their financial future with life goals and financial goals are entwined. If you are looking to firm up yours, a credit union – which is a not-for-profit financial cooperative that offers the same services as a bank – is a smarter choice.
Here are some ways DoverPhila Federal Credit Union can help you achieve your life goals.
If you value open membership without boundaries, DoverPhila is for you.
When you opened your first bank account, did you have to deposit some ridiculous amount of money or risk getting hit with a $5 monthly fee? At the credit union, you only have to deposit a minimum of $5. That money is a “share” in the company instead of money that is invested in high-risk securities. Anyone who works, worships, or attends school in Tuscarawas County is eligible for membership. Once you become a member, we gladly extend our credit union membership perks to any member of your immediate family.
If you value cooperation instead of competition, a credit union is for you.
Why should you have to suffer because your bank does not have ATMs everywhere? A $4 fee here and there really adds up. You should not have to spend $24 to withdraw $20 – that’s a rip-off! Instead, grab your smart phone, download the Co-Op ATM app, and find a free ATM or shared branch to conduct your business. As everyone knows, life is a little better when you work together instead of making everything a competition.
If you value education, training and information, a credit union is DEFINITELY for you.
We exist for the financial benefit of our members and to provide a level of service that meets our members’ financial needs. At DoverPhila Federal Credit Union, our members receive valuable services the moment they need them and more!
A credit union can help you affect change in your community and life. Whether it is an auto loan, a mortgage, a personal loan, or a credit card, credit unions are simply a smarter choice. Experience the DoverPhila difference today by stopping by any of our five locations.