Why A Credit Union? - Omaha Federal Credit Union

What is a Credit Union?

A credit union is just like any other financial institution. They accept deposits, offer loans and provide an array of other financial services.

Credit Union History

Credit unions have been around since the 1800s, but not everyone understands exactly what they are and how they work.

Why Credit Unions are Not-For-Profit

Credit unions are designed to benefit their account holders (owners) first.

Credit Unions vs. Banks

As much alike as credit unions and banks are, there are some key differences that make credit unions a more attractive option.

How Credit Unions Impact Communities

Since their inception, credit unions have ensured economic prosperity and fairness for the communities they serve.

Credit Unions are More Affordable

Credit unions often only require a small deposit to open a savings account.

Credit Unions Help Build Communities

In 2020, Nebraska credit unions provided nearly 3,000 jobs and contributed more than $460 million to Nebraska’s economy.

2,949

Local Jobs

$469M

Contribution to Nebraska's Economy

$245M

Amount of Small Business Loans in 2019

541,475

Credit Union Members

58

Total # of Credit Unions

ALMOST 70%

of Credit Union CEOs are Women

Credit Unions: a Great Choice for Businesses

When you’re running a business, you want to partner with a financial institution that understands the unique needs of business. Credit unions provide many great options and benefits for businesses.

Credit Unions Make it Easier to Get Loans

Credit union account holders were twice as likely to say that getting a loan from their financial institution was easy. This holds true across all demographics.

How to Choose the Right Credit Union

It’s important to ask the right questions when you meet with a credit union representative about becoming an account holder.

Credit Union FAQs

If you’re new to credit unions, you probably have a lot of questions. If you’re not new, you might learn something different about why so many people are choosing credit unions over banks today.

Credit Unions & Financial Wellness

Each credit union takes a different approach to its financial fitness programs but, generally, they take a very active interest in helping people achieve their financial goals in the communities they serve.