Skip to main content

Why Bank Locally?

Oct 31, 2012 03:16PM ● Published by Brian O

Choosing A Local Financial Institution Can Save You Time . . . And Money.

You’ve finally reached the point where you’re ready to switch your bank. But which one do you choose?

In the Dallas-Fort Worth Metroplex, the choices are endless. It seems like there’s a bank or credit union on every street corner. “DFW is actually one of the most competitive areas in the nation, when it comes to financial services,” says Jim Minge, CEO of Texas Trust Credit Union. “That means consumers have a wide variety of choices of who to trust with their money.”

It might be tempting to choose a large national brand. The biggest banks in the country have many branches and ATMs, which provides a high level of convenience for people who regularly use these services.

But that might not be the best choice. “A local institution can offer great benefits that hold up, even against a large national brand,” Minge continues. “Many people find that it’s a better fit for them.”

Here are a few things to consider for local institutions:

Know Your Banker: The days of Jimmy Stewart working at a small savings and loan in “It’s A Wonderful Life” might seem like a lifetime ago. But you’d be surprised at how much of a personal touch you’ll find a local institution. “Small financial institutions tend to have managers, loan officers, and even presidents who live in the local community. They’re much more likely to be in tune with your needs,” Minge says.

For a local consumer, that means you’re more likely to speak to someone in charge of making your loan decisions. For a business owner, it gives you access to someone who’s in touch with the local market, which is invaluable when working with complex business loan apps.

Good Services: Many people think that credit unions or small banks only offer checking accounts and auto loans. That’s not true anymore. While some of the smallest institutions in the country still offer limited services, most offer a full range of account options, including mortgage, businesses services, insurance, and investment planning. In some cases, credit unions have formed cooperative enterprises called CUSOs, so that small institutions can offer these services in partnership with a larger brand.

The long story short: You’re likely to find the same range of services at a mid-sized financial institution as you would at a large bank.

Improving Technology: The technology around banking has changed quickly over the past decade. With the rise of internet banking, mobile apps, and new technologies like remote deposits, consumers can have an active banking relationship even if a branch is a fair distance away. “Technology has really leveled the playing field between large and small banks,” says Minge. “The traditional branch is still important, but it’s been improved with this rich variety of digital banking applications.”

So before you switch to a big national brand, consider a local credit union or bank. You’ll keep your money in your own community without sacrificing the service you expect.

This advertorial is provided by Texas Trust Credit Union, a local financial institution serving more than 54,000 members throughout Mansfield and beyond. To learn more about the culture and philosophy of Texas Trust, visit TexasTrustCU.org. To read customer reviews or to leave a customer review please visit their listing in our directory - Texas Trust Credit Union - Mansfield, TX 

Like what you're reading? Subscribe to Mansfield Magazine's free newsletter to get regular updates



Embed this content on your website

Embed
Life+Leisure, Today, Community texas trust credit union bank banking checking loan auto mortgage business savings local
  • 2017 Mansfield Farmers Market

    10/21/2017
    08:00AM — 01:00PM

    In continuous operation since 2004, the Mansfield Farmers Market has experienced a renaissance in...


  • Mini Bio Blitz

    10/21/2017
    09:00AM — 12:00PM

    Nature lovers, join us for a Fall mini Bio Blitz where we will document the organisms at Oliver ...


  • LARGEST Fall Festival in Ellis County Presented by: Methodist Mansfield Medical Center Start...


  • Get Growing Mansfield

    10/21/2017
    10:00AM — 11:00AM

    Mansfield Water Utilities has partnered with the Mansfield Farmer's Market to present Get Growing...


  • Brunch Time!

    10/21/2017
    10:30AM — 11:30AM

    Watch our resident critters enjoy their Brunch every Saturday at 10am! Our arachnids and amphibia...


  • Fall Scavenger Hunt

    10/21/2017
    01:00PM — 02:30PM

    Come see Oliver Nature Park during fall to explore how nature changes with the seasons. Enjoy a ...


  • Pumpkin Help-Create Events at Vetro

    10/21/2017
    02:00PM — 06:00PM

    Are you "pumped" up for pumpkin season? Join us at Vetro Glassblowing Studio & Gallery during the...


  • Trunk-or-Treat + Pumpkin Palooza

    10/21/2017
    05:00PM — 09:00PM

    Any family, business, or community group is welcome to participate. This is a great opportunity t...


  • Maverick Home Volleyball Game

    10/21/2017
    06:30PM — 08:30PM

    Volleyball match being hosted at The College Park Center by the UT Arlington Mavericks Collegiate...


  • Hip Hop Cowboys

    10/21/2017
    07:00PM

    Hip Hop Cowboys, the nation’s first event to combine the extreme sport of rodeo with a celebratio...


  • Blue October

    10/21/2017
    07:00PM

    October is about to turn blue because the Texas-based band, Blue October, is performing live in c...


  • Oleg Larshin, Violin

    10/21/2017
    08:00PM — 10:30PM

    Join the LCSO for it's 2017-18 Season Premiere of "Vienna, City of Music!" The LCSO will feature ...


  • The Addams Family

    10/22/2017
    02:00PM

    Join us this October for an award-winning family musical full of love, laughter, and spooky, kook...


  • Junior Angler

    10/22/2017
    04:00PM — 07:00PM

    Junior Angler classes introduce youth ages 6 – 16 to the life‐long sport of fishing. Classes fol...


  • DFW Solar Awareness Day

    10/23/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • Mansfield Sunrise Toastmasters

    10/23/2017
    07:00AM — 08:00AM

    Want to be better at negotiating your salary with your boss? Networking at business functions? Pi...


  • Little Naturalist

    10/25/2017
    10:30AM — 11:15AM

    Creepy Crawlies- Children ages 3‐5 will learn about nature through discovery. We will read, sing,...


  • Home School Nature Class

    10/25/2017
    01:00PM — 02:00PM

    Join us for science and nature related lessons and guided investigation of Oliver Nature Park. Le...


  • At the Warmack Library on Wednesday, October 25 from 4:30-5:30 p.m. All ages welcome. Join us...


  • Riscky's 90th Anniversary

    10/26/2017
    05:00PM — 07:00PM

    A Cowtown tradition since 1927, Riscky’s Barbeque will celebrate its 90th anniversary in the Fort...


  • Riscky's 90th Anniversary

    10/26/2017
    05:00PM — 07:00PM

    A Cowtown tradition since 1927, Riscky’s Barbeque will celebrate its 90th anniversary in the Fort...


  • Quarterly Mega Business Networking Mixer

    10/26/2017
    05:30PM — 08:30PM

    This is a Great Opportunity to meet with Business Leaders & Company representatives from througho...


  • Mansfield Ghost Tours 2017

    10/20/2017
    06:00PM — 08:25PM

    Come join us for haunted history and ghostly tales from all around Mansfield! This year we will h...


  • LARGEST Fall Festival in Ellis County Presented by: Methodist Mansfield Medical Center Start...


  • Fall Scavenger Hunt

    10/21/2017
    01:00PM — 02:30PM

    Come see Oliver Nature Park during fall to explore how nature changes with the seasons. Enjoy a ...


  • Trunk-or-Treat + Pumpkin Palooza

    10/21/2017
    05:00PM — 09:00PM

    Any family, business, or community group is welcome to participate. This is a great opportunity t...


  • Hip Hop Cowboys

    10/21/2017
    07:00PM

    Hip Hop Cowboys, the nation’s first event to combine the extreme sport of rodeo with a celebratio...


  • At the Warmack Library on Wednesday, October 25 from 4:30-5:30 p.m. All ages welcome. Join us...


  • Creep Fest 2017

    10/27/2017
    07:00PM — 09:00PM

    Love the feeling you get watching a scary movie? Want to find friends who like horror films and b...


  • Public Safety Open House

    10/28/2017
    10:00AM

    Join us at the Fire Station (at 100 Cloverlane Drive) for: • Free Hotdogs & Drinks • Bounce Hou...


  • Drug Take-Back Day

    10/28/2017
    10:00AM — 02:00PM

    This program is a partnership with the Drug Enforcement Agency (DEA) and cities to allow resident...


  • Japanese Garden Fall Festival

    10/28/2017
    10:00AM — 05:00PM

    Stroll along the meandering paths of the beautifully- landscaped Japanese Garden as you listen t...


  • TSO 10th Anniversary Trunk Show

    10/28/2017
    10:00AM — 03:00PM

    Join TSO Mansfield for our first ever Trunk Show featuring brands John Varvatos and Carolina Herr...


  • Pumpkin Swim

    10/28/2017
    01:15PM — 03:15PM

    Pumpkin Swim Saturday, October 28 1:15-3:15 p.m., Kirby Creek Natatorium, 3201 Corn Valley Road...


  • The Addams Family

    10/29/2017
    02:00PM

    Join us this October for an award-winning family musical full of love, laughter, and spooky, kook...


 

Image title
Mansfield Area High School Sports

Community Champions