Alaska Airlines Credit Union is a company with more than 65 years dedicated to serving the financial needs of Alaska Air Group employees, retirees, and families. It is a company where you can acquire low-interest loans and direct deposit savings accounts without hassle.
Bill payment options, free checking accounts with debit cards, and surcharge-free ATMs are also available. A single person does not own Alaska airline’s credit union; it is a financial cooperative managed by its members.
Benefits of Alaska Airlines Credit Union
With credit unions like this one, you can find many benefits once you are a member. To evaluate all the benefits they can offer, you have to talk about some striking points like:
Credit unions, compared to banks
It is essential to know what credit unions are to understand their advantages. As a financial institution, they are owned by several members and operated by those, not by their shareholders.
Based on that, credit union accounts have higher interest rates, and their loans offer better rates. You can find all the advantages of a bank and a little more.
You enjoy lower rates
As mentioned above, credit unions like Alaska Airlines typically offer lower rates than banks due to their non-profit business structure and tax-exempt status.
That is, they are not required to pay shareholders so they can reinvest their profits in their members. Thus there is no need to charge additional fees such as overdraft penalties.
They have lower loan rates
You can find all the products that banks offer, such as car loans or mortgages. The difference is that their rates are lower than those of banking institutions. Again this is because they are a non-profit institution.
They offer maximum commitment
They are companies that depend on their members to offer the best advantages to the population. Members of these credit unions profit from the benefits of the strong focus they enjoy by having personalized customer service.
Features of Alaska Airlines Credit Union
As mentioned, it is a credit union with more than 65 years of service. It has a mission to provide the best advantages to all its customers. Some of the most outstanding features it has are:
It is a non-profit institution
Members’ benefits include low-interest rates through loans and higher interest rates on savings and fees.
First-class services
There are different financial services available to members. It is understood that many travels constantly, so they want their services to be convenient and accessible to all. Some basic services you can find are:
- Loans: they have loans of different types to meet all the client’s financial needs. Among the alternatives are home equity lines of credit, mortgages, and home equity loans.
- Savings accounts: they are an option to get high dividends. Their accounts satisfy any savings need, including regular savings accounts and Christmas club accounts, among others.
You can also find checking accounts. This way, you enjoy convenient access and simple management. It allows users to access shared CO – OP branches throughout the country.