Top 4 Credit Union Myth Busters
Myth #1: Credit unions are exactly the same as banks
Truth: Credit unions provide the same services as banks, but we do it differently. Banks exist to earn profits for their stockholders. A credit union is owned and run by its members as a cooperative, which means our focus is on people, not profits. For you, that means fewer and lower fees, better rates and exceptional service.
Myth #2: You can’t get a variety of products and services
Truth: Credit unions offer the same range of financial services as a bank, like debit and credit cards, online banking, mobile apps, auto loans and more. The difference is credit unions have fewer fees and lower rates – we use our profits to save you money.
Myth #3: Credit unions are not convenient
Truth: Remember paying a fee when you use an ATM from another bank? RCU is part of the CO-OP Network, giving you convenient FREE access to more than 30,000 ATMs at other credit unions, 7-Eleven and Costco locations. That’s more than any bank! Plus, you can do many transactions online or on your phone without ever having to visit a branch.
Myth #4: Only some people can join a credit union
Truth: While credit unions are chartered to serve specific regions or communities, nearly everyone is eligible to join and benefit.
Now you know the truth. Come experience the difference & bank easier with RCU!
Compare Nationwide ATM Access
Are you tired of paying a fee when you use an ATM from another bank? RCU is part of the CO-OP Network, giving you convenient FREE access to more than 30,000 ATMs at other credit unions, 7-Eleven and Costco locations. That’s more than any bank! 1
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Wells Fargo
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Bank of America
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Chase
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ATM Access
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FREE
31,000+ locations nationwide
3 free per month for
non-RCU/CO-OP ATMs 2
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Free at 12,000+ locations nationwide
$2.50 per transaction at non-Wells Fargo ATMs
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Free at 17,000+ locations nationwide
$2.50 per transaction at non-B of A ATMs
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Free at 20,000 locations nationwide
$2 per transaction at non-Chase ATMs
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1 Fee & ATM information collected from bank websites 8/13/14
2 $1 each thereafter
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Compare ATM Access
Are you tired of paying a fee when you use an ATM from another bank? RCU is part of the CO-OP Network, giving you convenient FREE access to more than 30,000 ATMs at other credit unions, 7-Eleven and Costco locations. That’s more than any bank! 1

Join RCU Today
Redwood Credit Union serves anyone living, working or owning a business in California’s Northern Bay Area, which includes the counties of Sonoma, Marin, Napa, Mendocino, Lake, San Francisco, Contra Costa and Solano. We look forward to serving you!