What's The Dilemma?

To many people, banks and credit unions seem very similar. Both offer checking and savings accounts, auto loans, credit cards and all the other services consumers have come to expect.  Right?

But take a closer look. The difference is pretty clear.

Bottom-line, banks are run for profit, by people who answer to their investors. The more money they make for their investors, the happier they are.

In contrast, credit unions are not-for-profit financial cooperatives owned and directed by their members.  Credit unions return earnings to members in the form of:

   · Lower Loan Rates

   · Higher Savings Rates

   · Fewer Fees

Palmetto Citizens, as all credit unions, exists solely to serve the needs of its members, not to profit from them.

And, we at Palmetto Citizens are happiest when we are helping our members achieve their potential with products and services that improve their financial well-being.

Overall, consumers saved $5.8 billion last year by using credit unions rather than banks.*

If you are in a quandary about where you want your financial home to be, consider joining a credit union.

Membership at Palmetto Citizens is open to any individual who lives, works, worships or attends school in Richland, Lexington, Fairfield or Newberry counties of South Carolina. If you have immediate family within this four-county area, you may be eligible to join as well.

Call us at (803) 732-5000 or visit any one of our 12 convenient Member Services Centers today.  And visit us at www.palmettocitizens.org to explore all the ways we can help you with your own bottom-line.  

*Source: Credit Union National Association, June 2012