Here’s How Easy It Is to Switch to a Credit Union 

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There are a few ways credit unions differ from big banks, which might make them a more attractive option. The problem is, switching over seems like a huge pain. We’ve told you how to do it, but here’s the thing: most credit unions come with “switch kits” that make it dead simple to move your money.

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The Differences Between Banks and Credit Unions

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I’ve been thinking of switching over to a credit union myself, but I hate dealing with the hassle of redirecting my direct deposit and updating all my automatic payment info. I didn’t realize, however, that most credit unions create “switch kits” that guide you through the process. Here’s how Samantha Paxson of CO-OP Financial Services, a payments and financial technology company explained it to us:


“Switching is easy. Most credit unions make it simple to sign up via their websites with a simple three-step process—open your credit union account, close your old bank accounts and transfer your direct deposits and automatic payments. That’s it—your new credit union is your primary financial institution, and a much better one at that.”

The switch kit is basically a PDF you download that includes all of the info you need in one place: applications, direct deposit forms, account closure forms, and so on. It often includes a checklist to help you through the process, too. Some credit unions even use a service called ClickSWITCH, which will fill out and submit those forms for you.

If you’ve been thinking about switching to a credit union, you can use A Smarter Choice to search for one (here are our five reader favorites, though). Once you find one you like, check to see if they offer a switch kit. Chances are they do, which will make the transition super simple.

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