The Credit Union Difference

May 19, 2023 by Chevron Federal Credit Union

By joining a credit union, you aren’t just depositing money in a bank account. You become a lifelong partner in a cooperative organization. From day one, you’re a member-owner, not just a customer.

Our members are our greatest asset, and we want to thank you for being part of our family. We know it’s essential to feel secure when making financial decisions. (After all, we’re member-owners, too.)

Here’s what you can expect from credit unions like ours:

Lower rates

Lending can be a great tool to help you reach your life’s milestones — but it shouldn’t be unaffordable. The National Credit Union Administration found credit unions offer lower rates on a host of banking products, from credit cards to personal loans to every type of mortgage.

Lower fees

Along with lower rates, we’re also committed to offering lower fees for your everyday banking needs. On average, credit unions offer lower fees for checking accounts, savings accounts and share certificates. You may also benefit from lower (or no) fees on services like wire transfers, ATM withdrawals and overdraft protection.

Higher savings rates

Your money should work hard for you. As a credit union member, you may earn better rates for saving. According to the latest data from NCUA, credit unions consistently offer higher rates for products like share certificates, money market accounts and interest-bearing checking accounts than traditional banks.

A full suite of financial products

Banking shouldn’t be complicated. Credit unions offer a full suite of financial products all under one roof. Whether you’re opening a savings account to build your emergency fund, buying your first home or looking for an auto loan, you can find what you need with a credit union you already trust.  

Credit unions also cater to your whole family. Many credit unions offer youth accounts with competitive interest rates to help set your children up for success.

Financial resources to help you succeed

We’re rarely taught about personal finances in school, but credit unions are here to change that because the more you know, the closer you get to your goals. You can find educational resources and tools to guide you, from:

Financial education

Credit unions are on a mission to provide value to their members beyond banking and lending products. As a credit union member, you can access free financial resources, guides and advice on anything related to your finances.


Whether you want to know if your savings plan is on track or considering refinancing your mortgage, you can access free calculators to help you run the numbers on big financial decisions.


As a member, you’re not alone in planning for your future or learning more about your finances. Credit unions offer free webinars covering a range of financial topics. Ours are updated quarterly, you can attend as many webinars as you’d like.

Credit unions care about all of their members, too. You don’t have to hold an account for decades to access your benefits. You’re a member from day one. If you know someone who could benefit from the perks of becoming a member-owner, we want to help them get started with an extra perk.

During our 50/50 promotion this month, any new member you refer can get up to a $50 sign-up bonus.1 And you’ll get up to $50, too.2 Because when we work together, we accomplish great things.


1 Offer is limited to new members only. New members must be eligible for membership, join between May 15 and May 26, 2023, and complete the following steps within 60 days of joining to qualify for the promotional funds: sign up for Digital Banking, open a checking account, register for eStatements, and set up a monthly recurring transfer or direct deposit equal to or greater than $100. $50 will be credited to the member’s Primary Savings account as a dividend within 90 days of completing all of the steps. Taxes due on $50 dividend are the sole responsibility of the recipient. Chevron Federal Credit Union will report to the appropriate state and federal agencies as required by applicable law. For the purposes of this promotion, a recurring transfer is defined as more than one ACH deposit transaction from the same Company ID to the same Share within a 90-day time period. Member must maintain accounts for one year; otherwise all promotional funds will be forfeited. Dividends earned on Checking account balances of $500 or more are compounded daily and paid monthly. This offer cannot be combined with any other offer or promotion. Other restrictions may apply. Promo Code 468

2 Referral offer is limited to existing members in good standing only. Limited time offer. $50 will be credited to the current member’s Savings account as a dividend if the referral is submitted May 15 – 26, 2023, and the referral successfully opens and funds their new membership May 15 – 26, 2023. $25 will be credited to the current member’s Savings account as a dividend if the referral successfully opens and funds their new membership after May 26, 2023. Other restrictions may apply. Promo Code 483


From everyday finance to life’s big money moments, it’s better when you belong.