Credit unions make a difference in their communities. They are not-for-profit cooperatives owned by their members and governed by a volunteer Board of Directors. This means there are no shareholders, and there is a vested interest in the success of our communities. When you are a part of a credit union, you are considered a member, not a customer.
An example of this community work can be found in the fires last year that devastated communities in Northern New Mexico. When those big fires were raging Del Norte Credit Union put the fire victims first, offering personal loans and extending personal lines of credit at very low or zero interest rates to members in need. It became a priority, and they focused on the needs of the community.
Banking with credit unions can also help raise your credit score. Del Norte Credit Union focuses heavily on financial literacy, which means they work to give their members the tools they need to increase their credit scores. One handy tool inside their online banking app called More Than a Score allows you to see your credit score at no cost. The tool will give you helpful insights, such as if you’re not paying on time, it can affect 40% of your score. More Than a Score also offers simulations to test what happens if you pay off your debt early or increase your line of credit.
To find out more about Del Norte Credit Union and what they have to offer, visit the website.