Money has such a big role to play in everyone’s life that today without it there is no life at all! Acquiring and managing finances are therefore considered to be some of the most difficult things to do. It requires planning of a highest order and foresight that will never deceive you. Mycfe.com offers something that can help you do the above while staying true to your financial goals.
Before we proceed let us first try and understand what is so different about mycfe.com. CFE which is the name of the company is a federal credit union. It is a not for profit financial cooperative. This means the functioning of the institute is solely placed in the hands of its members and the profits earned from money transactions are distributed among the members.
So now the question is, ‘how can a financial cooperative benefit you?’ Can’t a regular bank do a better job?’ to answer these questions we will take you through a list of benefits you can avail if you join mycfe.com.
Advantages
The first and foremost advantage that you will get if you become a member of the union is better control over your finances. As the institute does not work to earn profits, every service that it provides is subsidized to suit your requirements. Loans can be availed at lower interest rates, higher dividends can be earned on savings and that’s not all! The membership fee that is taken from every member is also a meager amount.
This particular credit union works like a bank except for the fact that it does not tie you down financially. There is no special criterion that you have to meet in order to become a member. CFE does not boast about any fancy schemes like the banks do. What you see and what you get is just what you will be assured.
The functioning of the union is very simple and every transaction that you undertake can be tracked online from any part of the world. Talking about online convenience, CFE is one of the few cooperative financial institutes which have a sophisticated online banking establishment. You can stay in touch with your account any time of the day and from anywhere. All you have to do is just log on and follow the instructions.
CFE through its online presence mycfe.com teaches it’s prospective as well as existing members how to save to lead a happy future. This is also one of the features of this union that makes it different from a regular bank. In a bank you save when you have the money to save. You pay for practically everything. Right from opening an account to maintaining it, every transaction however small or big it is, is somehow linked to money.
CFE is different. Here the focus is money but not to charge you for everything you do. The intention of promoting savings is to help account holders understand the importance of saving. As it is a financial institute that is operated and run by members, every member will look out for the other member. In other words the sense of a family working together takes over any other monetary aspiration.
When you visit mycfe.com you will come across details about the different kinds of accounts you can maintain. Apart from the regular checking and savings account you will operate as member you can also learn how you can use your savings to earn higher dividends. Not only that, there are also special plans for young and senior members. Absolutely anyone can join this union and benefit from its workings.
This brings us to the downside of joining CFE, the disadvantages. Here are some disadvantages:
Frankly speaking joining a cooperative financial institute which does not believe in profit maximization is a mindset that is yet to find its place in the society. This means even today people are not sure about how these unions work. There needs to be more awareness that needs to be generated about the operational structure of these institutes.
As far as mycfe.com is concerned the office is in Florida and it caters to only a few counties within the state. So if you are looking to open an account from anywhere outside, your possibilities could be limited. Apart from these disadvantages there are hardly any that can be listed.
The most unique and the most appealing feature of the service provided by CFE is that it is open to almost any member of the society. There is no special test that determines your eligibility. It is the most hassle free membership plan you will ever come across in your life. This one reason is good enough for anyone to join CFE.
The benefits of joining are simply unparalleled. Loans can be attained without putting up with any complicated procedures. To summarize we can say CFE is a federal credit union that operates are strong principles one of which is protecting member interests. As there is absolutely no competition involves you will not experience any fluctuations regarding rates.
Conclusion:
Joining the credit union could be one of the best decisions you can ever make. You can permanently bid goodbye to banking woes and all the chaos that comes with it. The idea is simple and straightforward. You can also learn about this union on mycfe.com. The website offers deep insights into the working of the union.
The website is rich with information so you are likely to find everything you are looking for. You could spend good time researching the service features and if you think the union will help bring your life back on track, you can very well go ahead and join it. That said, we recommend you also consult people you know who have dealt with such unions in the past. This way you will be in a better position to decide what is best for you.
To know more about CFE, you can visit mycfe.com or write to:
CFE Federal Credit Union
Member Service Center
PO Box 958471
Lake Mary, FL 32795-8471
Visit Website: www.mycfe.com