Is an Oregon Credit Union Better than Banks?

There is a short and long answer to this question. Yes, an Oregon credit union is a better choice than banks in Portland Oregon. The more detailed version of this answer will offer you a list with all the reasons why you should even consider comparing these two separate lenders before you make a decision regarding your finances.

Many individuals choose to visit banks in Portland Oregon and ask them for help, regardless of what they need. Maybe they intend on selling their old house and buying a bigger one. Maybe they are looking into a new car and they just don’t have the resources to get the one they want. Either way, their first impulse is to rely on banks because this is what they know. Banks can help them get the loan they require. If they can’t, then there is no other solution available. The good news is that this is not true at all.

As a matter of fact, it is important to learn and keep in mind that there are other lenders on the market willing to offer you a better level of service, better interest rates and the chance to benefit from the best advantages without needing to worry about incredibly strict terms and conditions. Somehow, banks have reached a point where they can have very high standards when it comes to who they will give loans to. It is also interesting to mention that many people would probably go straight to an Oregon credit union if they knew this option would be far better for them, their life and their future.

There are so many reasons why credit unions are better that as soon as you learn a few of them you will want to become a member. There are a few requirements one must meet, but that is about it. You can learn what these are by visiting the website of the lender or by actually going there and talking to one of their consultants. No matter how you interact with this financial organization, you will be happy to know that everything will go smoothly. If you go there, one of their employees will greet you and will make you feel as comfortable as possible.

When you talk about your financial situation, they will listen to everything you have to say without interrupting you or having their own agenda. Their purpose is to find a financial solution that suits you, your budget and your future plans. Of course, when you want to apply for a loan, they will need to check your credit score and find out everything they need to know about your income. This way, they can tell you what sort of loan you can apply for, what kind of interest rates you would need to pay, how much you would have to pay on a monthly basis and so on.

These are all critical details that you need to know before you can decide to get a loan you will be paying back for years to come. When it comes to banks, the situation is different because the consultants you meet here depend on levels of commission. They will only pretend to listen to your problems until they can find a way to convince you of opting for one of the packages they need to promote. Unfortunately, this is the way it works with banks.

Despite the fact that the solution they are trying to guide you towards is not the best one for you in the long run, they are only after their commission and that is about it. Credit union consultants do not work this way. They genuinely pay attention to and want to help you find solutions to your financial issues. This might mean that they can guide you towards a type of loan or savings account or any other services that would meet your specific needs.

It is pretty obvious that relying on an Oregon credit union is much better than opting for banks in Portland Oregon. If you have any additional questions regarding our financial institution, you are more than welcome to contact us!