Community Investing is a better way to save for your future, while benefiting local communities. Unlike mega-banks, community investing institutions use your investments to help small businesses thrive, entrepreneurs start new businesses, and homeowners purchase houses that fit in their budgets. Community investing institutions are also on the frontlines of helping communities that have been hit by natural disasters and the economic downturn.
When you invest in a community investing bank or credit union:
- You know where your money goes. Unlike mega-banks that don’t tell you what they are doing with your deposits (and could be using them to finance coal or other harmful industries), community investing institutions proudly tell their account holders and the public the great businesses, housing, and social service providers that they are supporting.
- You are more than a number. Community investing banks and credit unions value their account holders and treat them as valued customers. We frequently hear from people who’ve switched to community investing institutions how impressed they are that their new bank or credit union treats them like a person, not a number.
- You don’t get ripped off. Community investing banks and credit unions are not out to rip you off with gotcha fees. They keep their fees low and disclose them. Those community investing institutions that issue credit cards charge fair interest rates and fees and don’t jack their rates up for no reason. They also don’t rip off the communities they lend to, instead, they take action to build those communities.
- You get peace of mind. Community investing banks and credit unions are eligible for the same account insurance as all banks and credit unions. As long as you choose a community investing bank where accounts are insured by the FDIC or community investing credit union where accounts are insured by NCUA, you are covered up to the full limits of these federal insurance programs.
- You get competitive returns. Community investing banks and credit unions pay rates of returns on accounts. You get returns that are in line with mega-banks while knowing where your money goes.
No wonder more and more people are moving their savings and checking accounts to community investing banks and credit unions!
Get more information with our Community Investing Guide:
(available as a free download or you can order print copies)