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The Benefits of Credit Unions

Last updated 9 months ago

Individuals interested in opening up savings or checking accounts may choose to visit a bank simply because they are unaware of the many advantages a credit union offers.

In this video, a licensed stock broker takes a closer look at the benefits of credit unions. A credit union is a non-profit financial institution that allows an individual with a deposit to become a part owner; banks, on the other hand, are for-profit entities that are owned by various stockholders. However, credit unions offer the same basic services as commercial banks including checking accounts, savings accounts, and home loans. Credit unions also offer a number of benefits such as higher rates for savings, lower rates for loans, and lower general fees. Learn more in this full video.

GCS Federal Credit Union focuses on providing excellent customer service to our members. Find out what sets us apart from other financial institutions by contacting our O’Fallon, IL office at (618) 797-7993 today!


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