We recently celebrated International Credit Union Day. It was a great time to recognize the power of the credit union cooperative spirit.
I reflect on what it means to be a volunteer for Hanscom FCU and I take great pride in what the credit union movement has done for so many ordinary Americans.
The CU difference
A recent Harris Poll of 2,000 U.S. consumers shows that over 60% believe credit unions care more about their members than banks care about their customers. It’s 100% true. Unlike many other financial institutions, credit unions do not issue stock on which dividends have to be paid. Earnings are returned to members in the form of lower rates, higher returns, and fewer fees.
Not for profit, not for charity, but for service.
Hanscom FCU, like all credit unions, exists solely to serve members, and every member counts. Credit unions are economic democracies, with equal ownership and voting rights.
Staying true to our roots.
In 1924, Roy Bergengren, one of the architects of the credit union movement, wrote “The credit union is, in fact, a bridge.” We help members achieve their financial goals, providing unique services such as credit score reviews and education to help someone buy a home or launch a business.
Hanscom FCU offers innovative services such as the 3 in 1 Advantage Line of Credit to help members tap home equity, and the CU Thrive Account to establish a savings habit with regular transfers at an outstanding rate. Plus, we offer convenient online loan application, approval, and funding.
I hope you will take a moment to think about how your credit union membership has helped you achieve your goals, and maybe talk with a family member or co-worker.