4 Ways a Credit Union Can Help Your Small Business

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4 Ways a Credit Union Can Help Your Small Business

4 Ways a Credit Union Can Help Your Small Business

At Robins Financial, we live out our mission to be Member Focused, Financial Partners, Community Proud by empowering our members with the financial knowledge and resources they need to make informed decisions and achieve their financial goals.


Exploring the right financial institution for your small business’s banking and lending needs is a crucial decision that can influence both day-to-day operations and long-term success. The landscape varies among financial institutions, and choosing a partner that aligns with your business goals is an investment well worth making.


In the quest for a suitable business banking partner, the decision between a bank and a credit union plays a pivotal role. While both have distinct approaches, credit unions specializing in small business banking present unique advantages that merit consideration. We’re here to show you four ways in which your local credit union can contribute to the growth and prosperity of your small business


Membership over Customer Relationship

Credit unions, as member-owned, not-for-profit institutions, treat you as a member rather than a mere customer. This distinction emphasizes their vested interest in your success, translating into personalized support, financial education opportunities, and a genuine commitment to your business’s well-being. Visit our website to learn more about the credit union difference.


Community Investment

By choosing a credit union, your business contributes to the local community. Unlike funds going to external stakeholders, your deposits fuel the credit union’s ability to provide financial support back into the community. At Robins Financial Credit Union, part of our mission is to be Community Proud, which means we pour our efforts (whether that be through volunteerism or financial donations) into strengthening the community around us. This interconnectedness fosters a sense of community pride, knowing that your business is keeping its financial resources close to home.


Local Relationships Matter

When you bank locally with a credit union, you typically work with lenders and decision-makers who are also local. That can make it easy to meet up in person at a nearby branch or even on-site at your business. Plus, your lender may have insider knowledge of your local market that can make him or her the perfect partner as you plan the best ways to reach your long-term goals for your business.


Streamlined Local Lending

Credit unions that offer in-house underwriting and processing for loans can streamline the lending process. This approach often results in quicker decisions and enhanced communication. When your banker, underwriter, and processor collaborate as a unified lending team, they can better understand your business’s unique needs, ensuring a more personalized and efficient experience.


Next Steps

If you’re a small business owner looking for a trusted financial partner, look no further! At Robins Financial, our Commercial Lending team is here to help you on your business journey every step of the way. Call our Commercial Lending team at 478-923-3773 x. 2240 and we will be happy to help you get started! You can also visit our website to check out our various business services and account options.


Read our other blog articles to help you gain the financial knowledge you need to succeed.


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