It's very common to wonder what the difference is between a credit union and a bank. In the simplest of terms, a credit union is a not-for-profit financial cooperative. It's usually formed around a common bond, generally employment. While banks are owned by stockholders or a private party, credit unions are owned and governed by member-owners. All members profit - individually and collectively. This unique structure sets credit unions apart from banks - credit unions are truly run by the members for the members. United Educators Credit Union has been serving Minnesota’s education community for more than 50 years and offers standard financial products and much more! Enjoy the informative video that covers frequently asked questions about credit unions and the benefits of being a UECU member.
Please feel free to download this video for personal or education use (QuickTime Movie).
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The following links also provide more information about Credit Unions!
Savings Federally Insured to at least $250,000 by NCUA and backed by the full faith and credit of the United States Government. Savings insured an additional $250,000 with Excess Share Insurance, for combined coverage of $500,000. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
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