If someone asked you what the difference is between a credit union and bank, what would you say? Chances are you might mention the service you receive or the fact that credit unions typically offer lower loan rates but it’s more than that.
When you join a credit union, you become a member and an owner. (That has a nice ring to it, doesn’t it?) You’re more important than the size of your wallet and your voice counts. (Now that’s refreshing!) As an automatic shareholder, you get a say in how things are run and where your money goes. You can even run for a position on the board of directors. We’re proud to be a not-for-profit financial cooperative owned by you, our members.
We don't answer to Wall Street investors or worry about generating returns for stockholders. Credit unions invest in local communities and local businesses-- not in the stock market. Our only concern is providing high-quality services and products to our members’ at the most affordable rates possible. That’s why we return any gains to you through lower interest rates on loans and higher rates on savings. That’s just one of the reasons why 89% of credit union members favor credit unions over banks according to the CUNA Member Activation Survey. Click here to learn more about the credit union difference.
So thanks for continuing to put your faith and trust in us. (We never take it for granted!) We invite you to take your membership to the next level by helping us fight for the protection of credit unions.
If we want Spokane Federal Credit Union to stay strong and protect our families' financial futures, we have to ensure credit unions stay top-of-mind for lawmakers in Washington, D.C., in and state legislatures. Elected officials hear from bank lobbyists all the time. To match them, we must all step up and tell Congress and state lawmakers the credit union story, that credit unions are a consumer’s safest and best option in financial services, and the strongest advocate for the middle class.
Nothing is more powerful to elected officials than when they hear from their constituents. Your voice, as a credit union member, is more effective than any bank lobbyist, period. You can make a difference! Start today by clicking here.
Don’t Tax My CU
“Don’t Tax My Credit Union” is a national campaign dedicated to ensuring Congress doesn’t raise taxes on 96 million credit union members nationwide and preserves financial choice for American consumers. Join us today to share your story and tell Congress: Don’t Tax My Credit Union. Click here to learn more.
Your voice is powerful so let it be heard. Some banks are asking state legislators to pass resolutions calling on the U.S. Congress to eliminate the nonprofit status of credit unions, effectively imposing new taxes on the banks’ smallest of rivals. That’s why it’s important we take action and write our legislators. Click here for more information.
At Spokane Federal Credit Union, we’re member focused and community minded and that’s never going to change.
To learn more about the credit union difference, visit American’s Credit Unions by clicking on this link.