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Financial Tips

The Credit Union Difference Part 2:

By
on
October 17, 2019

As a member of TFCU, you are uniquely positioned to manage your finances and watch your money grow on the best possible terms. Like the member of an elite club, you are entitled to exclusive privileges and individualized service, courtesy of your credit union.

Let’s take a quick look at some of the benefits you can enjoy as a member of TFCU.

1. Highly personalized service

Credit unions are well known for the highly personalized and attentive service they provide to members. A 2017 American Customer Satisfaction Index Finance and Insurance Report found that members rate credit unions as having better service than banks, scoring an average of 82 out of 100. It’s part of what makes credit unions unique.

When you step through the door of TFCU, you know you’ll always be welcomed by familiar faces, warm smiles and friendly greetings. There are no impersonal tellers who don’t know you or your financial situation — just our helpful service representatives who treat you like family. No matter your age or stage, our MSRs are happy to guide you through any monetary challenge and assist you in reaching your financial goals.

At TFCU, our outstanding member service means we’re personally invested in your financial well-being and only want to see your success. To that end, we’ll grant you a loan quicker than most big banks, graciously looking past some tarnished credit history and skipping the overly thorough background check. We also host financial education seminars for members and the larger community throughout the year, enabling you to broaden your money knowledge and to learn how to make smarter financial choices.

2. Increased value for your money

As a not-for-profit cooperative, your credit union has modest overhead and marketing expenses. Taunton FCU is proud to pass these savings on to you in the form of low or no account fees, better loan terms and higher dividend payments on your savings.

According to a report by the Credit Union National Association (CUNA), which studied credit unions in New York from March of 2017 through March of 2018, credit unions provided average financial benefits that were equivalent to $85 per member and $178 per household. Another 2018 study performed by Bankrate found that 84 percent of the nation’s 50 largest credit unions offered their members checking accounts with no monthly maintenance fee. [Here at TFCU we’re proud to offer our members the same; our checking accounts are completely cost-free.]

At TFCU, we don’t have outside investors to answer to. This enables us to be more attuned to your needs without worrying about increasing our own worth. Our not-for-profit status frees us to offer you optimal terms on share certificates, savings accounts and more. It’s more money in your pocket just for being a member of TFCU.

3. A voice in how the credit union operates

As mentioned, your credit union does not need to answer to stockholders. Instead, TFCU is member owned, operating with only your best interests in mind.

As a full-fledged member of TFCU, you have a voice in how your credit union runs. You are invited to cast your ballot in our [annual] elections in which we vote on a volunteer board of directors. The board is then charged with oversight of the credit union and forming all official decisions regarding the way the credit union operates. Our board comprises members of the credit union, just like you. This means the decisions they make will always be advantageous to our membership and to the general community instead of trying to pander to outside stockholders.We’re all about doing what’s best for our members.

4. A chance to give back to the community

Here at TFCU, we’re strong believers in giving back to the community. We support many community initiatives and organizations, and we are committed to making decisions that benefit the entire community. [We are especially invested in the success of XYZ Charity, a cause that is dear to our hearts. We will often sponsor events and host benefit drives to raise money for this charity through our credit union.]

When you choose TFCU, you’re choosing to give back to the community, too.

As a member of TFCU, you are entitled to enjoy all of these benefits and so much more. Whatever your particular needs are, we’re here to help you manage your finances every step of the way. Call, click, or stop by TFCU today to learn how to make your membership work for you in the best way possible.

Experience the credit union difference.

Your Turn: What does your credit union membership mean to you? Tell us about it in the comments.

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Banking Made Easy

At TFCU, we are committed to offering an extensive range of products and services designed specifically with you in mind! We want to make your banking experience as easy as possible by giving you convenient access to manage your accounts on the go, all while providing you with the latest and greatest banking technology.

In addition to banking products & services, TFCU has several affiliate companies known as Credit Union Service Organizations! These companies allow us to offer Insurance Services, Financial Services & Real Estate Services to our members.

TFCU membership is available to anyone who lives, works, worships or attends school in Bristol County, Massachusetts; Bristol, Kent, Newport and Providence counties in Rhode Island; and the Rhode Island towns of Charlestown, Exeter, Hopkinton, Narragansett, New Shoreham, North Kingstown, Richmond and South Kingstown. Membership is also open to immediate family members of existing members.

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  • This weekend, our staff is volunteering their time to help out at the Trucchi's Supermarkets Stuff The Truck event in Middleboro!

Donations for the Sacred Heart Food Pantry will be accepted all day tomorrow. Stop by and make a donation to help out those in need in the community!

#tfcu #bankingmadeeasy #tfcustory #TFCUGives #tauntonfcu #tauntonfederalcreditunion 
#creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionmovement
  • Happy Veterans Day! Thank you to all of those who are serving and have served. 
Just a reminder that all of our branches will be closed today. 
All branches will will re-open Tuesday, November 12th at our regular business hours.

Access to your account is still available through:

Online Banking
Mobile Banking
Mobile Deposit
One of our ATMs
Telephone Banking

https://tauntonfcu.com/holidayclosing/

#tfcu #bankingmadeeasy #tauntonfcu #tauntonfederalcreditunion 
#creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionmovement
  • Next Friday the 15th of November, will be the last day to donate
canned goods and non-perishable food items to help support local food pantries & soup kitchens for our Thanksgiving Food Drive!

All items will be distributed within the communities we serve.

We are asking for Thanksgiving themed items such as: Boxed/Bag Stuffing, Canned/Packaged Gravy, Canned Vegetables (corn, pleas, carrots, green beans), Soups, Canned Cranberry Sauce, Cake Mix, Cookie/Brownie Mix and frosting.

Non-Thanksgiving items will also be accepted.

All donations can be dropped off through November 15th during regular business hours at any of our locations: 14 Church Green in Taunton, 480 Rockdale Avenue in New Bedford & 438 West Grove Street in Middleboro. 
#ThanksGiving #FoodDrive

#tfcu #bankingmadeeasy #tfcustory #TFCUGives #tauntonfcu #tauntonfederalcreditunion 
#creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionmovement
  • TFCU will be closed on November 11th, in observance of Veterans Day!
  • In the spirit of the upcoming holiday season, all month long, we are going to focus on ways TFCU gives back to the communities in which we serve! Community Service is a part of our mission all year round, but it's especially necessary this time of year with the Holidays and colder weather approaching.

Today, TFCU proudly donated several space heaters to Citizens for Citizens, Inc. in Taunton. The heaters will be used by Citizens for Citizens and distributed to those in need in the community.

Pictured are Deb Araujo, Director of the Citizens for Citizens' Taunton Office and TFCU Board Member, along with Nelson Tavares, our President & CEO, and Melissa Denzler, our VP of Administration. 
#tfcu #bankingmadeeasy #tfcustory #TFCUGives #tauntonfcu #tauntonfederalcreditunion 
#creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionmovement
  • Today, staff from TFCU, including Nelson Tavares, our President & CEO, and Russ Bradshaw, chairman of our board of directors, joined several area credit unions to build beds as part of the Massachusetts Coalition for the Homeless’ Bed For Every Child program! 
The Bed For Every Child program strives to give children in need a new twin mattress, box spring and set of linens so that they can get a good nights rest and be ready to follow their dreams in the morning! 
Volunteers today helped put together 40 beds that will be used as part of the program. 
For more information on the program, please click here: https://www.abedforeverychild.org —————————————————————— #tfcu #bankingmadeeasy #tfcustory #TFCUGives #tauntonfcu #tauntonfederalcreditunion 
#creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionmovement #abedforeverychild

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