What Are the Differences Between Banks and Credit Unions?

Banks certainly aren’t the most popular financial institutions in America right now, which is why credit unions are reporting major surges in popularity. It is surprising that credit unions are only just receiving this type of notice, as they have long held many significant advantages over banks.

This video discusses the main differences between banks and credit unions. As the host explains, it comes down to the “three Os”—ownership, objectives, and operations.

GCS Credit Union offers its customers in the O’Fallon area and beyond all the perks of a credit union that big banks could never offer. To get started transferring your bank accounts over to us, call (618) 797-7993 and ask to  speak with an account representative .

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