Why Choose Golden 1 Credit Union?
Have you ever considered switching from a bank to a credit union? You’re not alone. More than one million Californians choose Golden 1 for our member focus, personal service, and strong community commitment.
Both banks and credit unions offer financial services, but what really counts is what they do with your money and what kind of service you can expect from them. With credit unions, member savings provide the funding for member loans. We live by a philosophy of "people helping people”. That's why, as a member of Golden 1, you're likely to have a much more rewarding and meaningful experience.
Credit Union vs. a Bank: The Golden 1 Difference
What’s the difference between a credit union and a bank? While banks and credit unions offer nearly identical services and account choices, there are some important differences.
Credit unions like Golden 1 are member-owned and not-for-profit. This means we’re more focused on your needs and aren’t driven by investors or a bottom line. As a member, you’re part owner of Golden 1, and we return our revenue to you in the form of better rates, technology enhancements and more.
When you choose Golden 1, you’ll notice a difference in:
Low to no fees
According to a MoneyRates survey, the average bank checking account comes with a monthly maintenance fee of $12. That adds up to nearly $150 coming out of your pocket each year.
At Golden 1, we offer multiple checking accounts with low to no fees. We want to help you set up your account – and keep it running – without costing you a dime.
Because credit unions have less overhead than banks, we don’t have any incentive to squeeze more money out of our members. Instead, we want you to use your money to help your own net worth grow.
Minimum balance requirements
Most banks don’t allow you to open a checking account without a minimum balance of several hundred dollars. In contrast, 75% of credit unions surveyed by Bankrate reported no minimum balance requirements at all.
That advantage is especially true at Golden 1. Our Free Checking, Easy Checking, and Student Checking accounts have no minimum deposit requirements so you can get started without jumping through hoops.
Community focus
Although banks engage in community support, their focus is often broader while credit unions tend to be deeply rooted in the communities they serve, prioritizing member needs and local impact over profit. Credit unions show their commitment to their communities by supporting local causes, offering grants and scholarships, sponsoring community events, and providing financial education.
When you choose Golden 1, you’re choosing to give back to the community, too.
Government regulation
Both credit unions and banks are regulated by a governing authority. No matter which federally insured institution you choose, your money is protected.
For our members, though, it gets even better. Credit unions actually face more regulations on their investments and loans than banks. That means we have to be even more careful with your money. At the end of the day, we view these regulations as a win, because we’re all about doing what’s best for you.
Superior service
When you stop by a Golden 1 Credit Union branch, you’re greeted with friendly, familiar faces who care. You can also count on our Member Service team to help you with all of your financial needs. We pride ourselves on exceptional service, taking care of our members, our employees, and our community.
We’re always ready and willing to help you with whatever you need. Whether it’s a question about your account, personal financial advice or direction in a major life purchase, we’ve got your back.
Join Golden 1 Today
When you belong to Golden 1, you’re part of a community built by members, for members. We offer all the banking services you expect with great member benefits, exceptional service, and low to no fees. Join us by:
- Applying online
- Calling 1-877-465-3361
- Visiting a Golden 1 branch near you
