When it comes to managing your money, having a checking account is often the foundation of your finances. It’s where your paycheck gets deposited, how you pay bills and what you use for everyday purchases. But not all checking accounts are created equal. Choosing to open your account with a local credit union in Colorado, rather than a bank, can not only make a big difference in your financial wellness, but it can also have a positive impact on your community.

Here are some of the top benefits of having a checking account with a local credit union.

 

Lower Fees

One of the most noticeable advantages of a credit union checking account is fewer fees. Many large banks charge monthly maintenance fees, minimum balance penalties or fees just to use your debit card and no added benefits. Credit unions are not-for-profit financial cooperatives, which means their goal is to return value to members—not maximize profits. As a result, you’ll often find lower or no monthly service fees, additional benefits, over 30,000 free CO-OP ATMs* and overdraft protection options designed to help you.

 

Competitive Rates

Because credit unions put members first, we typically offer better rates on loans and savings products than traditional banks. That can extend to your checking account as well. Some credit unions offer interest-bearing checking, like our Premium Interest Checking and Direct Interest Checking accounts, which give you the opportunity to earn dividends on your balance. Over time, this adds up and helps stretch your dollars further.

 

Personal Service

At a credit union, you’re more than just an account number, you’re a member-owner. That means you get a say in how the credit union operates and benefit from a more personalized experience. When you visit a branch or call with a question, you’re more likely to get someone who takes the time to understand your needs. This personal touch can be especially valuable when you’re setting financial goals or facing challenges.

 

Community Focus

Credit unions are deeply rooted in the communities we serve. Opening a checking account isn’t just a financial decision, it’s a way to support your local community. Many credit unions give back through scholarships, financial education programs and charitable initiatives. By choosing a credit union checking account, you’re helping strengthen your community.

Each year, Partner Colorado Foundation awards scholarships to Colorado students and supports local organizations focused on providing health care, foster care, counseling services, food, clothing, shelter and more to our community.

 

Modern Banking Tools

Some people assume that credit unions can’t match the technology offered by big banks, but that’s simply not true. Most credit unions provide robust online banking, mobile banking apps, mobile check deposit, bill pay and even person-to-person payment options. With a credit union checking account, you get convenient banking tools combined with the personal service of a community-focused institution.

 

Financial Education & Support

Credit unions are dedicated to improving the financial well-being of their members. That means offering resources, seminars, webinars and one-on-one guidance to help you make the most of your money. Having your checking account with a credit union gives you easy access to these tools, empowering you to budget better, save more and reach your goals.

A checking account is more than just a place to park your money. At a credit union, it’s the first step toward building a stronger financial future. With fewer fees, personalized service and a focus on your community, a credit union checking account just makes sense. It’s a smart way to manage your finances in a place that’s part of your community.

*Surcharge-free transactions are available for debit and ATM card holders of participating credit unions.