This is a sponsored post written by me on behalf of Golden 1 Credit Union.
Before moving, people usually research their new hometown to find a new doctor and enroll their kiddos in a new school. But many people forget about finding the right financial institution to support their current and upcoming needs related to their move.
It’s common for folks to choose a major, nationwide banking institution when setting up their finances in a new town. But that’s not always the best choice; they often miss out on local connections, specialized services, and low-to-no-fee services that make the transition to their new home more manageable. I’ve partnered with Golden 1 Credit Union, California’s leading Credit Union, to share five things to look for when scoping out financial institutions in your new town before you move.
Look for: Tailored Member Service
Find a financial institution that treats its members respectfully and meets each individual’s needs. Every family has unique financial goals. Whether you want to diversify your portfolio, pay off outstanding debt, finance your next home, start a new business, or stash your cash, working with an institution like Golden 1 Credit Union is imperative for good financial wellness.
Working with an employee who takes the time to meet with you in person, understand your financial goals, and create a unique plan for you and your family’s financial journey is crucial. There is no “one-size-fits-all” financial path, and your chosen financial institution must understand how to help you succeed.
Look for: Credit Assistance to Improve Financial Standing
Moving to a new community is stressful. And if your credit score is less than ideal, renting or buying a home, replacing your vehicle, or financing other life events during this transition can be challenging.
With a low credit score, it’s easy to think you are stuck and there’s no way out. Folks are often embarrassed and discouraged that they can’t qualify for major, much-needed purchases because of their low credit scores. An expensive life emergency, lack of education surrounding credit health, and poor spending and saving habits are just a few reasons someone may have a low credit score.
So, if you are in California and find yourself unable to move forward with significant life transitions due to a poor credit score, the employees at Golden 1 Credit Union can help with financial education resources. They’re committed to enhancing the financial well-being of Californians and their diverse communities.Golden 1 also has credit monitoring tools like Credit Sense to help you stay on top of your credit score.
Look for: Involvement in the Local Community
In today’s world, local support for our communities is more critical than ever. In challenging times, communities must unite and create an environment that lifts its members for success.
Choose a financial institution that invests in your new community. Hiring local employees is one step in the right direction when a company wants to support a community. But it is just as important that companies give back in other ways. Golden 1 Credit Union is known for giving back to its local communities through charitable giving, employee volunteerism, and partnering with community organizations.
Look for: Putting Money Back into the Hands of the Members
Every family feels pressure from increased inflation, decreased job growth, and economic uncertainty. With this added stress, people like you and me must be able to save money wherever possible.
Finding a not-for-profit financial institution, like Golden 1 Credit Union, is a big help because it returns earnings to its members – not stockholders – through higher returns on savings, lower interest rates on loans, and more free services.
Look for: Convenience Without Losing Personal Touch
These days, many of us prefer to complete many finance-related tasks from the comfort of our homes and community. Access to mobile and online banking and a network of 30,000 fee-free ATMs make choosing a financial institution like Golden 1 Credit Union a no-brainer. The largest banks in the US have fewer ATMs than the co-op network of Credit Unions.You can even make an appointment online when you do need to go into a branch.
Remember, when moving to a new town, you must have the support of a local financial institution that offers financial tools and solutions with value, convenience, and exceptional service to members. Choose an institution that cares about your economic well-being and helps honest, hard-working families and individuals lead financially better lives, like Golden 1 Credit Union.
Visit Golden 1 Credit Union online to learn more about their services, how they help in the community and more.
This is a sponsored post written by me on behalf of Golden 1 Credit Union.
