What is a Credit Union?

No, really. What’s a credit union?

They’re kind of like banks, only better. They offer many of the same products and services as banks – checking accounts, debit cards, CDs, car loans – only their not-for-profit status allows them to focus on what’s really important: helping you get great interest rates on savings accounts and loans. What’s more, credit unions are community-oriented. They probably even know you by your first name.

It may seem that credit unions and banks offer the same products and services upon first glance, but they are actually quite different. Click here to visit our website to learn about the major differences between the two financial institutions and see how a credit union can benefit you!

So, here is the challenge. Community 1st Credit Union is declaring September as “Credit Union Advocacy Month.”

What does that mean?

As not-for-profit financial cooperatives, credit unions direct earnings back to their members and community. Since credit unions are owned by their members, it is important that all members know about pending legislation and actions that could affect them. Because we are stronger together, we may ask you to lend your voice on important issues that could impact your financials lives. The purpose of our credit union advocacy efforts is not to influence your vote, but rather to:

·         Explain the political and legislative issues facing credit unions

·         Educate on the unique structure of credit unions

·         Show where elected officials stand on these issues

·         Provide educational links so that you can make informed decisions

·         Offer ways for you to take action!


With more than one million credit union members in Iowa, we are all stronger together! Click here to show your support of Iowa’s Credit Unions by joining the advocacy database.


Until Next Time,

Jessica M.

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