How do credit unions differ from banks?

Because credit unions are not-for-profit, every dollar we make goes to providing more value to our members and the communities we serve. At a credit union, you can trust that you’re getting personalized service and competitive rates.

Credit Union:

Member-owned
Not-for-profit financial cooperative
Earnings returned to members through great rates and low fees
Member-elected volunteer Board of Directors
Personalized and focused on you, the member

Bank:

Shareholder-owned
For-profit, bottom-line driven
Profits are given to shareholders as dividends
Paid Board of Directors
Focus on profits

Learn more by watching the What's a Credit Union video

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Testimonials

"We were looking for ways to lower our monthly payments on our vehicles. TCT is saving us almost $300 a month. We were so fortunate to have worked with them."

— Courtney W.

"I can't wait to have all of my debts consolidated into one payment with TCT's VISA!"

— Katy B.

"I had the good fortune to refinance my vehicle loan and save hundreds of dollars with TCT."

— William G.

"I recently had the pleasure of working with TCT on a home equity loan that consolidated my mortgage, second mortgage, and credit card debt. I now save over $1,100 monthly without extending the remaining time on my mortgage loan. Talk about a lifesaver!"

— William G.

"My car loan was done in a flash, instant approval. It was the easiest loan experience I’ve ever had."

— Dee M.

"TCT FCU has been so helpful with our financial needs over the years - from mortgage, home equity, personal, and auto loans. We have been very thankful for their expert advice, professionalism and friendly service!

—Janet R.

"TCT has helped with many family occasions, such as car loans, home equity, and now my son's college loan. My family has always had good experiences at the Cambridge office and find the employees very helpful."

—Tim B.

"I'm thankful for the opportunity to save money on my auto refinance loan."

—Linda B.

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FAQs

How do credit unions differ from banks?

Testimonials

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