June 28, 2020Top 5 Reasons to Choose a Credit Union

1. YOU Own It 

Banks take as much as they can and share as little as possible because they are controlled by profit-driven stockholders. PEFCU is a member-owned, not-for-profit co-op—so, the members benefit from the Credit Union’s success. Profits are returned to you in the form of lower loan rates and higher dividend rates than banks typically offer.  

Also, once you’re a member, you’re always a member. Your membership qualifies your immediate family to become lifetime members as well.  

2. YOU Earn More Money 

The banks will offer deposit rates small enough to keep their shareholders happy, with little regard for the customer’s ability to earn a healthy return. 

At PEFCU, profits are returned to the members in the form of high-yield savings. Money deposited in our Prime Share SavingsShare Certificates of Deposit, and other savings and investment accounts usually earn higher dividend rates than banks. Also, the money you deposit is secure—at least $250,000 per individual depositor is federally insured by the National Credit Union Administration (NCUA).  

3. YOU Save More Money 

The banks’ primary goal is to squeeze profits from their customers. By charging higher (and often unnecessary) fees and interest rates for products and services, banks ensure that the money that leaves your pocket goes directly into their shareholders’ pockets.  

But since PEFCU is owned by its members, it’s in our best interest to save you money whenever possible. Joining the Credit Union gives you access to money-saving financial offers—including lower interest rates on credit cards and loans. PEFCU also offers qualified members low-rate balance transfers and loan refinance offers from other institutions to save money on credit card, mortgage, and automobile payments.  

4. YOU Are Acknowledged 

Our members are the primary decision-makers at PEFCU. While banks shift policies, procedures, and branding solely based on impersonal algorithms and shareholder demands, the products and services offered at PEFCU are based on member feedback.  

Our membership is offered to all retired and current associates of Publix Super Markets, Inc. and their immediate family members, and select Employer Groups (SEG) and their immediate family members. PEFCU can offer products and services based on realistic needs. For example, a PEFCU personal loan truly is personal: While banks may allow customers to borrow higher amounts than needed so that more interest accumulates, PEFCU can offer smaller, budget-friendly loans to save members money.  

5. YOU Have Easy Access 

It’s true that a lot of banks are scattered across the state and nation. PEFCU is also growing but remains focused on the member’s local community. We understand that brick and mortar are not as essential to the Credit Union as the people we serve. We use state-of-the-art technology to connect with our members wherever they live. Members can access their accounts via a multitude of digital platforms; including onlinemobile, and telephone banking. Members can also access their money from thousands of ATMs throughout the country.  


Each individual’s financial situation is unique, and readers are encouraged to contact PEFCU when seeking financial advice on the products and services discussed. This article is for educational purposes only; It does not constitute legal advice. If such advice or a legal opinion is required, please consult with competent local counsel. 


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