Blog Post

With all of the malpractice and institutional corruption observed in our traditional financial institutions over the past half-century, it’s not surprising that retail and commercial customers are looking for alternative banks. There’s just no easy way to feel good about taking out a mortgage in York or using other financial services from banks that play fast and loose with the money of others, only to be bailed out (with handsome executive bonuses) by the government when things go south.

While it may seem like a relatively new fad, the new generation of consumer-conscious banking has its roots in long-standing, under-appreciated institutions. Chief among these institutions are those not-for-profit Federal Credit Unions that have been operating in the country for decades. These organizations have been trying to buck the trend in financial abuse for years and are finally beginning to gain a foothold on the main stage.

Unlike traditional financial institutions and Wall Street enterprises, these organizations keep the consumer at the center of everything they do. Instead of going to a few shareholders, bank profits at credit unions are returned to all members through reduced borrowing rates, increased dividends, and a concerted effort to improve the financial understanding of its members. The innovative ownership model also allows for more targeted approaches to personal finance through a bank system that prioritizes members over shareholders.

In addition to these larger institutional benefits, credit unions like First Capital also offer a suite of solutions for retail and business banking in York.

Credit Union Financial Services

In their dedicated efforts to bring innovative, consumer-driven financial services to consumers and commercial enterprises, credit unions are constantly re-investing in the most beneficial processes to these cohorts. Whether it's through the provision of more accessible, customer-friendly borrowing rates or making accounts more accessible to the average member, credit unions offer financial services that not only compete with but outperform most profit-driven banks.

Mortgage Loans in York

We’ve known for a long time that securing housing for yourself and your family is critical to success, health, and happiness. But the rates provided by most established institutions simply do not afford everyday people the opportunity to enter the housing market. From skyrocketing rates in Western Michigan to unfair mortgage loans in York, profit-driven banks are not even giving customers a chance.

Federal credit unions continue to shake up the industry by providing these same groups of people with very competitive, low rates for everything from home purchase to refinancing to construction. These are also available for people looking to purchase an investment property or vacation home, offering solutions to a wider range of retail bankers. In addition to this, there are multiple available financing programs, a few of which include:

• Fixed-rate mortgages in York
• Adjustable-rate borrowing
• FHA borrowing
• Programs for first-time homebuyers
• A remodeling plan
• Much more!

All of these programs can be thoroughly explained by dedicated advisors who will also explain the other benefits of using a credit union for obtaining a mortgage in york

Loan Accounts in York

Securing borrowed money from a bank is not just an endeavor for hopeful homeowners. Millions of Americans need help accessing other expensive items and services like transportation, education, and small business investment. Unlike for-profit institutions that try to drain every penny out of retail bankers, federal credit unions are dedicated to assisting their customers in realizing their financial dreams.

For those in need of loan accounts in York, an experienced, professional credit union offers a series of specific borrowing programs to help members make their financial dreams a reality. Whether you need money for personal investment and advancement, a flexible line of credit to help balance your budget, or collateral-backed borrowing to ensure lower interest rates, the dedicated professionals that make up these federal credit unions will provide you with the access and support to the financial services you need.

Business Banking in York

In addition to offering a suite of retail banking services, federal credit unions are also fully capable of providing commercial accounts to businesses. After all, small companies are just as likely as retail consumers to be taken advantage of by the traditional banking system. To help promote economic growth and ethical bank services, qualified Credit Unions now empower businesses through the provision of specialized business banking in York. Some of the more popular services are outlined below.

Commercial Checking — Empowering owners to manage the finances of businesses effectively through an accommodating business model based on straightforward banking

Commercial Debit Cards — Reducing the amount of money businesses spend on checks and helping them simplify the process of tracking expenses

Commercial Savings Accounts — Available for both for- and not-for-profit companies, accounts allow businesses to save for future expenses and even provide competitive dividend payments

Capital Money Market Accounts — Businesses with a higher balance can leverage their capital to receive more competitive tiers of dividends

Commercial Share Certificates — Providing businesses the opportunity to receive higher returns with long term, fixed-rate savings

Unlike for-profit banks that take advantage of businesses, federal credit unions are dedicated to improving the status of American companies, regardless of size. In the same way, they empower retailers to pursue their financial goals, Credit Unions afford businesses the same great opportunities through an innovative bank system.