What Is a Credit Union & How Is It Different? | Cleveland Bradley County Teachers Federal Credit Union
Most Americans have heard of credit unions and have at least some understanding they’re different from banks, but our experience suggests that’s as far as it goes for a majority. That’s why we’re always happy to share a little bit about what credit unions do and how the service we provide is different.
We can start with perhaps the most significant distinction: Credit unions are non-profits. When we bring in more money than we disburse, we return that money to our members in the form of reduced fees, higher savings interest returns and lower interest rates on loans.
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