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A Look At The Credit Union Advantage

A LOOK AT THE CREDIT UNION ADVANTAGE WHAT IS A CREDIT UNION? Credit unions are... NOT-FOR-PROFIT, unlike traditional banks OWNED by their members $0$ Run by a VOLUNTEER board of directors Financially STRONG Known for exceptional SERVICE WHAT ARE THE BENEFITS OF CREDIT UNIONS? DEMOCRATIC DECISIONS o Run by and for the members o For-profit banks are only accountable to stockholders, not customers I VOTED NON-PROFIT STATUS o Profits are shared with members o Exempt from federal taxes, so no passing on the expense to members CUSTOMER SATISFACTION o Surveys show credit union members are consistently more satisfied with service than bank customers o Operate from a People Helping People standpoint LOWER RATES o Being member-owned allows for $0$ lower interest rates o Fewer fees since the institution is not-for-profit $0S PERKS o Many credit unions offer educational classes and resources for finances o Focus on improving the community that the credit union serves MEMBERSHIP o Many different kinds of people are eligible for credit union membership o Membership lasts a lifetime even if your qualifying circumstances change FAMILY FOCUS o Spouses, children, grandchildren, siblings, and parents of members are automatically eligible o Family members are also able to remain members for as long as they want PROVIDED BY: GCS CREDIT UNION wwW.MYGCSCREDITUNION.COM SOURCES: http://www.mygcscu.com/?Cabinet-Main&DRAWER-Main&FOLDER-About-Us&SUBFOLDER-Membership http://www.mygcscu.com/?Cabinet=Main&DRAWER-Main&- FOLDER=About+Us&SUBFOLDER=What+ls+A+Credit-Union http://abcnews.go.com/Business/fed-bank-credit-union/story?id=19347678#.Udwrbztwrni http://money.usnews.com/money/articles/2008/10/21/the-benefits-of-credit-unions http://www.wisebread.com/the-benefits-and-drawbacks-of-credit-unions http://www.investopedia.com/financial-edge/1211/6-benefits-of-using-a-credit-union.aspx

A Look At The Credit Union Advantage

shared by BrittSE on Aug 24
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Credit unions are exempt from federal taxes. That means there are no federal tax expenses to pass down to members! See other reasons to leave a traditional bank and join a credit union by taking a loo...

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