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Why use a credit union
instead of a bank? Let us explain!
Credit unions and banks are both financial institutions but
there are endless differences between the two.
Credit unions are member owned. If you have an account with
Franklin First, you are a part owner in the business.
We are insured by the National Credit Union Administration
and are democratically controlled by our members. This means
that members have more say in how Franklin First is run, and
hold decision-making power.
Members elect a Board of Directors – rather than hiring one
– who are chosen to fully represent the members in making
decisions and upholding policies. Here, your voice is always
heard. It is your interests that come first, not profits.
Due to the fact that Franklin First has one select location,
members receive superior customer service from our friendly
staff.
As a member, you are a cooperative owner, not just another
account number. Unlike banks, credit unions are
not-for-profit. Therefore, interest rates tend to be
significantly better and fees fewer and smaller. Your
financial well-being comes first at Franklin First and you
can rest assured that when you join us your money stays
within the local communities.
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