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MoneyWACH - Banks vs Credit Unions

MoneyWACH - March 2016 - Banks vs. Credit Unions

Credit unions are not-for-profit financial institutions, whose earnings are paid back to members in the form of higher savings rates and lower loan rates. Banks are for-profit corporations, with declared earnings paid to stockholders only. Credit unions operate to promote the well-being of their members.


MoneyWACH is a partnership between Palmetto Citizens Federal Credit Union and WACH FOX focused on financial education in the Midlands. Over the course of the year we'll cover financial and economic topics that matter to you. The segment airs the first Monday of every month on Good Day Columbia and will also be archived here for your convenience. Achieve your potential with Palmetto Citizens Federal Credit Union and WACH FOX.