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The 4 Biggest Credit Union Myths

With International Credit Union Day right around the corner, we’d like to clear up the four biggest myths about credit unions.

1.     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. Star Choice Credit Union offers many of the same products and services you would find at a big bank like Bill Pay, Online Banking, and a Mobile App with Remote Deposit!

2.     It will be hard to access my money.

Credit unions have access to a network of 30,000 free ATMs and 5,000 shared branching locations, making it easy for you to access your money anywhere. One of the best things that make credit unions different than banks is that we share! Members of Star Choice Credit Union have access to multiple shared branching locations in the state of Minnesota, as well as throughout the country, to make deposits, withdrawals, transfers and loan payments.

3.     I can’t join.

Anybody can join a credit union. You may be eligible based on your employer, where you live, or your family, as most credit unions allow members’ families to join. To find a credit union near you, visit

4.     They don’t offer as many perks as banks.

Credit unions offer the same financial products as banks—checking accounts, debit and credit cards, online banking, IRAs (individual retirement accounts), and home and auto loans—but because they’re not-for-profit, they often offer better rates than banks. We pride ourselves on being "hip with the times" and can offer you all of the same eSerivces that the big banks can.

Check us out today!

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