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The Credit Union Difference | C. O. Federal Credit Union

The Credit Union Difference

The following are key differences between Credit Unions and Banks.

Credit Unions
Banks

Credit Unions

  • Not-for-profit organizations
  • Returns profits to members in the form of lower loan rates, higher savings rates, dividends and free to low-cost services
  • Invests directly back to members
  • Serve those individuals within their field of membership
  • Have members who act as co-owners and 'own' a stake in the organization
  • Credit Unions are member-service driven
  • Credit Unions are federally insured by the National Credit Union Administration (NCUA)
  • Elects a volunteer Board of Directors to represent member interests

Our Opening Hours

Call us at 843-722-7656.

Monday - Friday 10am - 5pm
Saturday CLOSED
Sunday CLOSED
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