The Credit Union Difference

Credit Union Difference

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.

Author Gerry Agnes

President & CEO Gerry Agnes shares highlights from Elevations Credit Union and the credit union movement in his video blog. Gerry led the charge to Elevations’ achievement of the Malcolm Baldrige National Quality Award in 2014 and was named CUES CEO of the Year in 2015.

More posts by Gerry Agnes

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