Last updated 11 months ago
Open House 121 Financial Credit Union with WJXT is Wednesday, June 27th at 11:30 am – 1:00 pm at Arlington Branch - 9730 Hutchinson Park Dr.
Jacksonville, FL 32225.
Meet Staci Spanos with WJXT Channel 4. 121 Financial Credit Union will be on hand to answer any of your credit and banking questions. 121 Human Resources will be on site with Career Opportunities to join the 121 Team.
Last updated 12 months ago
Credit unions are an excellent avenue for investing and obtaining money, offering a variety of benefits due to their member-oriented nature. Because most credit unions are local organizations, they promote economic wellbeing within their communities. Here are a few of the ways in which credit unions strengthen and foster the growth of the local economy:
Member Ownership
Commercial banks are owned by shareholders, who have a financial stake in the bank’s policies. If a bank decides to create a new fee, for example, the shareholders benefit from increased revenue. In contrast, credit unions are owned by their members, which means that their decisions are made in the best interests of the customers and the community in which they live.
Not-for-Profit Status
Because credit unions aren’t striving to make money off of their customers, they can offer better rates and reduced fees. This helps members benefit from their investments and ensures that more money stays within the community, rather than being channeled to faraway offices or executive bonuses, as is common with corporate banks.
Local Board of Directors
The board of directors for a credit union is comprised of members who are elected to their positions. This democratic process ensures that the interests of the community are served by the credit union, which in turn stimulates the local economy by providing affordable home improvement and small business loans, as well as encouraging investment with competitive interest rates.
As a part of our commitment to the Jacksonville community, 121 Financial Credit Union puts members first, providing affordable interest rates, no-fee checking, and friendly customer service. We also dedicate our time to supporting local charities, such as Autism Speaks. To learn more about our community involvement, or for information on our services, call us today at (904) 638-8026.
Last updated 1 year ago
121 Financial Credit Union presents 4 Your Money with WJXT. Our expert from 121 Financial has guidance for steering away from costly auto loans. Watch the video here.
Last updated 1 year ago
See NerdWallet's recommendation for 121 Financial Credit Union here.
