Looking for a new partner in banking? You have a ton of options, these days. But as ubiquitous as the big banks are, more and more people are choosing smaller credit unions to serve their personal banking needs. For Massachusetts residents, St. Anne’s Credit Union is a popular choice, which currently serves over 55,000 members. Interested in this bank? Keep reading for our St Anne’s Credit Union review.
St. Anne’s Credit Union Locations & Service Area
St. Anne’s is proud to serve Massachusetts residents, with branches in the following areas:
- Fall River (3 locations)
- New Bedford
You can find full details about branch locations and hours here.
Please note, this credit union is not to be confused with St. Anne Credit Union in New Bedford, which is a much smaller local credit union. The names are quite similar, but they are separate entities.
St Anne’s Credit Union Review
Like all credit unions, St. Anne’s is a not-for-profit entity that is technically owned by its members. Credit unions are different than banks, although they operate in a very similar manner.
Generally speaking, compared to banks, credit unions like St. Anne’s are able to offer fewer fees, lower interest rates, and more perks to members. This is because they are not-for-profit, and don’t have to pay taxes like a normal bank would.
St. Anne’s Credit Union offers plenty of perks for members, including:
- Free checking and savings accounts
- Competitive rates on deposit accounts, particularly when running special promos
- Competitive rates on loans and mortgages
- Personalized service
- Very few account related fees, compared to traditional banks
If you’re considering using St. Anne’s, make sure you compare rates to other banks to make sure you’re getting a good deal. Rates change frequently in this environment.
What Others are Saying
A good way to gauge the trustworthiness of a company is to look for third-party reviews online. Doing some digging, we found that reviews were quite good for this bank. Google reviews at the time of this publication rate the bank’s headquarters at 4.5/5 stars. Compare this to reviews for a major mainstream bank, and you start to see why more and more people are making the switch to credit unions!
Bottom line – if you live in their service area, St. Anne’s Credit Union is certainly worth considering. We encourage all readers to compare their options before committing to a bank.
Thanks for reading our St Anne’s Credit Union review. To learn more, head over to their website!