Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
New iYouTubei video promotes CU difference
MADISON, Wis. (12/12/11)--A new, independently produced YouTube video provides a simple, understandable description of the difference between credit unions and banks.

The video has begun making the rounds virally.  In the 43-second animated video, a child narrator asks, "What is the difference between a credit union and a bank?

"A bank is in business to make a profit," the narrator explains. "It is owned by shareholders. They use your money to make more money. Then they charge you banking fees, so they can make a profit for their shareholders.

"A credit union, however, is owned by you, the account holder," the video continues. "It's a safe, insured place to bank, with no unnecessary fees. You share in any earnings and the money stays in your local community."

To see the video, use the link.
Other Resources

RSS print
News Now LiveWire
.@CreditYOUnion captures voices of #100MM loud, proud at @GAUnitedCU See #NewsNow Thursday for more
50 minutes ago
Ill. @GovernorQuinn signs patent troll law http://t.co/ugWf8zHpCm via @CrainsChicago
1 hours ago
.@MBAMortgage : Mortgage apps increased 2.8% from one week earlier for week ending Aug. 22.
2 hours ago
Franchise businesses may face higher breach risk with POS systems HT @briankrebs http://t.co/LGE46DUk15
3 hours ago
About 1 in 3 consumers use plastsic for in-person purchases of less than $5, according to @CreditCardsCom survey.
4 hours ago