TCT Advantages
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Bank
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* TCT is not-for-profit and its main purpose is to serve its members. Member owned.
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* Main purpose is to generate profits. * Owned by profit seeking shareholders.
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* The money we make goes to lowering lending rates, keeping fees to a minimum, and investing back into services.
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* The money that a bank makes goes to benefit its shareholders.
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* Fees are minimized, that's not what we're about
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* Heavy Fees
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* Local - easy to make decisions, quicker to serve.
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* In many cases, worldwide.
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* Non-commissioned Loan Officers
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* Commissioned Loan Officers
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* Personal touch, we try to know our members by name.
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* People are just account numbers.
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* Our Board of Directors are volunteers.
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* Paid Board of Directors
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* Has never been merged into another financial institution.
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* Frequent mergers, constant name changes.
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