International Credit Union Day is here, and we’d like to clear up the four biggest myths about credit unions, specifically Openland Credit Union!
- They aren’t big enough.
There are big and small credit unions, but just like banks, your deposits at a credit union are insured by the federal government up to $250,000.
- It will be hard to access my money.
With 16 branches spanning from Brenham to Texas City, and access to a network of 30,000 free ATMs, we make it easy for you to access your money anywhere. With friendly tellers and easy access to any location, you’ll be sure to feel welcomed and cared for each time you step into one of our branches.
- I can’t join.
Do you live, work or worship in our 21-county field of membership or the surrounding areas? You’re welcome to join Openland! There is no limitation for membership requiring you to work somewhere specific or be in a certain industry. We open our doors to all community members and are eager to help you in your financial journey.
- They don’t offer as many perks as banks.
Openland offers the same financial products as banks—checking accounts, debit and credit cards, online banking, IRAs (individual retirement accounts), as well as home and auto loans—but because we’re not-for-profit, we often offer better rates than banks. Also, most of our products such as remote deposit and online bill pay are available at no charge to the member.
