What’s the difference between a credit union and a bank? In his video blog, Gerry Agnes, President & CEO of Elevations Credit Union, explains that credit unions are not-for-profit financial cooperatives owned by members of the community. Banks, on the other hand, are owned by their stockholders, and they’re designed to make profits. Fundamentally, this makes a large difference in how these two types of financial institutions operate.
Want to learn more? Check out our YouTube channel for more videos on the credit union difference.
Did you know that your credit union has its own foundation? It’s true. Elevations Foundation was born in 2010 and Read more
When you're considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus Read more
