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Some folks believe that when it comes to loans, the only place to run to is the bank. While banks are all about finance, they are not the only places that loans are being offered. There are credit unions which are as common, and better, when it comes to the kind of services that they offer.

First Service Credit union is one fine example of credit unions that has managed to stay in the business for 75 years. If standing the test of time is a tribute to the kind of service a credit union offers, then seven and a half decades mean that the services are absolutely awesome. The kinds of services offered revolve around checking and savings accounts. There are specialized kinds of accounts created just for teens. Specifically termed as Element, the financial program is supposed to provide a checking and savings account for the 13-17 year olds. It’s very cheap to open- costing just $25. You get a Visa Card and great incentive programs that are just too good to resist.

In addition, you can also get different kinds of loans- auto loans, home loans and personal loans. In fact, between bank and credit union auto loans, credit unions offer much better deals, and that after all factors are considered. You get a period of 2 to 7 years to repay the loan with great APR depending on your credit score. The period lengthens depending on the overall worth of the vehicle you want to purchase. For the home loans, you can get a mortgage, a home improvement loan or a home equity loan. Among the three, the home equity loans are the most attractive. You can get loans for annual rates of just a little over 5% which is really good. Personal loans offered could be secured or unsecured, depending on your options.

First Credit Service Union stands out in many aspects. Besides being considerably cheaper than other financial institution, like banks, you get more than you bargain for. The rates are better- though things like your credit score still carry some weight- and the service is excellent. Online Banking is enabled, which means you can do things such as apply for a loan, check the balance in your account, and keep track of your repayments.

Next time you think of getting some financial aid, think First Service Credit Union and explore a whole new world of possibilities.