There are many individuals that are unaware of all the benefits or even the existence of a specialized credit union. For each branch of military service there is a specialized credit union, for the Marines is the Marine Federal Credit Union. The Marine Federal Credit Union is a non-profit union that offers APR rates that are lower than even the most competitive commercial banks. Because of the Marine Federal Credit Union’s ability to only have to pay its employees means that the union only has to make enough money off the loans to pay the employees and overhead costs. With the ability to handle Marines finances give Marines and their families low interest loans for automobiles, mortgages, and several other loans. The savings interest rate is also higher than commercial bank rates so you will achieve a better payout on your savings. The Marine Federal Credit Union continues to grow and with the financial security backing of the FDIC helps secure your loans and savings similar to a typical commercial banking system. With the ability to secure lower interest loans will help Marines save thousands of dollars a year with mortgages. Since Marine Federal Credit Union is a non-profit there are less fees and penalties that often cause hundreds of dollars to be lost by account holders. So if you would like to see what the Marine Federal Credit Union can do for you take a moment to talk with a Marine Federal Credit Union representative to learn more.