Montana currently boasts 56 credit unions, with 120 branches in communities across the state. Those credit unions currently serve more than 392,000 Montanans -- who are members. As financial cooperatives, credit union are owned and controlled by their members.
Financially, this means that -- on average -- credit unions provide lower loan rates and higher dividends than most for-profit financial institutions in the state. In fact, the Credit Union National Association estimates that Montana credit unions provided more than $20.8 million in direct financial benefits to their members in 2011. Members know this and use their credit unions: total savings in Montana credit unions grew 3.8% to $3.57 billion in 2011 and credit union assets in the state topped $4 billion.
Montana's credit unions are also a source of good jobs for many Montanans. In 2012, credit unions employed 1,059 people full time and 108 part time.
For more specific information about Montana Credit Unions ...
Anyone can join a credit union. More and more credit unions are broadening their ''fields of membership'' which can be an employer, church, or one or multiple communities. To find a credit union (and it's various branches) near you, www.aSmarterChoice.org is the place to go. The website also has member testimonials and information about the value of joining a credit union.