Reasons to Use a Credit Union for Your Business

There are a lot of great businesses in San Diego. From iconic breweries to groundbreaking biotech companies, to innovative startups, we've pretty much got it all – and credit unions do their part to support them so they can continue their contributions to our community and the world at large.

While big banks may seem like the default financial option for business, credit unions offer a range of benefits that make them an excellent option for small business owners.

Below are the top reasons to choose a credit union for your small business partner to help you do more.

1. Personalized Service and Local Focus: Credit unions are known for their strong ties to the communities they serve. Unlike large banks, credit unions often operate on a local level, meaning they understand the unique needs and challenges faced by small businesses in your area.
2. Competitive Rates and Lower Fees: Since credit unions are not-for-profit organizations owned by their members, they are driven to invest in the local community. This leads to lower interest rates on loans, better terms on credit cards, and reduced fees for services like checking accounts and business loans.
   
3. Access to Small Business Resources: Credit unions may be smaller in size, but they're not lacking in resources. Many credit unions offer a range of business services, including business loans, lines of credit, and merchant services. At MyPoint Credit Union, we offer FREE local advertising of your business through our BaZing Local Merchant network, among other resources.

In the end, credit unions support their community and are the ultimate proponents of your business. At MyPoint Credit Union, you will also have a single point of contact to help you through all your financial choices and day-to-day needs.