Wouldn’t it be wonderful if individuals could save their money safely somewhere other than the local bank that has changed its name, at least, three times? To be able to save money somewhere other than a place that charges a much higher rate of interest than it pays each member? Today many people are changing to credit unions because that same credit union has been in town for years. They are also not-for-profit organizations that exist for the purpose of serving members who work at local businesses in the area, attend various churches, or have a relative or friend that’s a member of the credit union.
Since there are no stockholders, and people who serve on the credit union boards are volunteers, when income is realized, it’s returned to members in the form of lower loan interest rates and dividends paid on each member’s account. Credit unions can also pay more interest on deposits made by its members. Log on to find out how a person can become a member of a credit union online. The ARC Federal Credit Union has been serving the people of Altoona since 1956, and each member’s funds are insured up to $250,000 by the National Credit Union Administration (NCUA).
They offer various types of loans to members, including the Mortgage Loans In Hollidaysburg PA residents apply for when they want to purchase a home. They offer an explanation of each type of loan on their website, which makes it much easier to see the type of loan needed, and how long it would take to pay the loan back. There are 15 and 30 year fixed mortgages available, with interest rates that won’t change throughout the course of the loan. They also offer FHA and VA loans with low down payments, and members with a credit rating of 640 are eligible for a VA loan.
Many people refinance their home later on in life when they want to use the equity to send a child to college, make home improvements or buy a new car. Since they have paid on the home for many years, it can give back when the homeowner chooses one of the Mortgage Loans Hollidaysburg PA credit unions to offer.
