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FAQs
Debt Consolidation

FAQs

Home > Borrow > Credit Cards > Debt Consolidation

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. 

Ready to become a member? View Membership Criteria

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“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.

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