If there’s ever a time that “millennials” need cooperatives, it’s now.
The last ten years have been quite transformational for this generation of young adults. Younger millennials just graduating college likely saw their parents lose jobs, benefits, and pensions while bank executives lost nothing. According to a study by Filene Research Institute, millennials make about as much (rather, as little) as previous generations, but factor in the average student loan debt of $27,000 and that take-home pay is quickly eaten up.
Despite that, millennials are principled and they maintain an optimistic outlook about their financial future. And life goals and financial goals are entwined. If you’re looking to firm up yours, a credit union–which is a not-for-profit financial cooperative that offers the same services as a bank–is a smarter choice.
Here are some ways White Sands FCU can help you achieve your life goals.
If you value open membership without boundaries, White Sands FCU is for you.
When you opened your first bank account, did you have to deposit some ridiculous amount of money?? At White Sands FCU, you only have to deposit a minimum of $15. That money is a “share” in the company instead of money that’s invested in high-risk securities. Anyone can open an account without worrying about meeting certain terms.
If you value cooperation instead of competition, a credit union is for you.
Why should you have to suffer because your bank doesn’t have ATMs everywhere? A $4 fee here and there really adds up. You shouldn’t have to spend $24 to withdraw $20. Instead, grab your smartphone, download the Allpoint ATM Locator app and find a free ATM to conduct your business. Voila! As everyone knows, life is a little better when you work together instead of making everything a competition.
If you value education, training, and information, a credit union is definitely for you.
Credit unions are the only financial institution with education as one of their foundational principles. Many credit unions offer training seminars for buying a house, buying a car, rebuilding after bankruptcy, saving for college and retirement planning. Like us on Facebook or subscribe to our monthly e-newsletter to keep up-to-date on our latest member education articles.
A credit union, with its not-for-profit values, can help you affect change in your community and life. Whether it’s an auto loan, mortgage, or balance transfer credit card, they are simply a smarter choice. Set big goals for your future, and White Sands FCU can help you achieve them.
Federally Insured by NCUA
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the U.S. Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
White Sands Federal Credit Union is committed to providing a website that is accessible to the widest possible audience in accordance with the WCAG 2.0 standards and guidelines. We are actively working to increase accessibility and usability of our website to everyone. If you are using a screen reader or other assistive technology and are encountering problems using this website, please contact us at 575-647-4500 or 1-800-658-9933. Please provide the location of the inaccessible information. All products and services available on this website are available at all White Sands Credit Union branch locations.