The Credit Union Difference
What sets credit unions apart from banks?
Pictured: Debbie McRae, Member Service Representative, Camrose West End Branch
“Being a credit union member isn't just beneficial for you, it means you're also helping to strengthen and support your community.”
Currently, around one in five Canadians are credit union members. But there are still a lot of people out there who don't know what credit unions are or how they differ from banks. With International Credit Union Day coming up next week, it’s the perfect time to recognize and celebrate the credit union difference.
Credit unions offer the same financial services as banks but the way they're owned and operated is what really sets them apart. As financial cooperatives, credit unions are community-based and owned by their members. That's right — when you bank at a credit union, you're an owner. And as an owner, you get a share of the profits in the form of annual member dividends.
Being a credit union member isn't just beneficial for you, it means you're also helping to strengthen and support your community. In fact, just last year, Vision gave back over $130,000 to our communities.
Take a look at this direct comparison between credit unions and banks to see the credit union difference for yourself:
Interested in the credit union difference?
Have questions or want to become a member?
