Episode description

Not happy with the service you’re getting from your bank? It may be time to switch. Learn how credit unions work and see if they’re a better banking option for you!

Where you bank matters. For most families, their checking and savings accounts are the foundation of their financial system. When it's not working, it just makes everything harder.

We know because we’ve had some really bad experiences with a few of the big banks.

Whether it was poor customer service, needless fees, and minimum balances requirements (even though the interest rates they were offering were abysmal), we just felt like it was a headache and chore dealing with them.

Years ago we decided to move our money to where we could get great service and get perks like better rates with savings. One of the places we picked was a credit union, specifically Coastal Credit Union. We’ve been happy with switching over, but the focus today is not on us, but on you.

It doesn’t matter to me whether you choose a community bank, credit union, online, or yes, one of the big players. I just want you to be happy where you bank. Seriously.

Which is why I’m happy to have Emily Nails, VP of Cooperative Strategies and Executive Director of the Coastal Credit Union Foundation on the show today.

Not only are they a sponsor of this podcast, but they’ve also been our credit union for over ten years.

In this episode, we’ll get into:

• how credit unions work
• the benefits that credit union members can enjoy
• how credit unions benefits their communities

Let’s get started!

Your money should be working as hard as you, but managing it should be easy. Here are some of my favorite tools and resources to stay on top of your finances!

• Best Budget and Money Apps: Empower, Tiller, Mint
• Grab Your Copy of My Book: Jumpstart Your Marriage and Your Money
• Coastal Federal Credit Union <- Our bank 😉 
• Credit Unions vs. Banks: How to Decide
• Send in your family and financial questions here!

If you’d like to chat more your money system, please join us in our private and free Facebook group – Thriving Families.

We’re families looking to support and help one another out. Hope to see you there!

Support for this podcast comes from Coastal Credit Union! Come check out Coastal today if you’re living in the Raleigh Durham area and looking to bank better.

As a credit union, Coastal serves its members first and foremost including an annual loyalty bonus.

We've been members for years and love their service and competitive rates on checking and savings accounts!