
Credit Union Difference
We're different by design.
Our credit union is a not-for-profit financial cooperative which makes it a better choice. You can bank on it
The difference between credit unions and banks? It's like the difference between a mega-corporation and a neighborhood nonprofit. One always has its eye on the bottom line, while the other focuses on people rather than profits.
While banks and credit unions offer similar products and services, a bank's mission is to enrich its shareholders. In contrast, a credit union is a not-for-profit institution owned jointly by you, our member-owners. All earnings are funneled back into our financial cooperative and with your participation and relationship we provide members unparalleled benefits that include the Best Rates in the Nation Guarantee.*
Frequently asked questions
- What is a credit union? Click On What is a credit union? Credit unions are not-for-profit organizations that exist to serve our member-owners. Like banks, credit unions accept deposits, make loans and provide a wide array of financial services. Credit unions provide a safe place to save and borrow money at reasonable rates.
- What is the difference between a credit union and a bank? Click On What is the difference between a credit union and a bank? Credit unions are democratically operated by members, and the board of directors is made up of volunteers from the membership. Each member gets one vote, giving you an equal say in how the credit union is operated.
- How are credit unions operated? Click On How are credit unions operated?
Credit unions are not-for profit, which means that any profits are returned to the membership in the form of better rates on loans and savings, lower fees, and improved services.
Find the answers to these questions and a whole lot more by going to our Financial Wellness center.
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University Credit Union offers membership to employees, students and alumni of UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, University of Texas at Arlington, Mount St. Mary's University, Chabot College and Las Positas College, West Coast Conference Universities, The Big West Universities, Western Athletic Conference Universities, Southland Conference Universities, and other universities throughout California. UCU offers a variety of products and services including checking accounts, credit cards, home mortgages, auto loans, personal loans, commercial loans, insurance, investments, as well as digital banking.