Who is Paul Quinn FCU?


Paul Quinn FCU is a financial  cooperative chartered by the federal

government and owned by you, its members. Federal Credit

Unions have been in existence since 1934 when signed into

law by President Franklin D. Roosevelt.

 

What is a Credit Union ?

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Credit unions are financial institutions formed by an organized group of people with a common bond. Members of credit unions pool their assets to provide loans and other financial services to each other.

Credit unions differ from other banks in several ways:

Credit Unions

Other Financial Institutions

Not-for-profit cooperatives

Owned by outside stockholders

Owned by members

Owned by outside stockholders

Operated by mostly volunteer boards

Controlled by paid boards

 

These factors allow credit unions to pay dividends to their members (not shareholders) and offer them lower loan rates, higher savings rates and fewer service fees.

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Credit Unions VS. Banks

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The difference between Credit Unions and Banks. Click here to Watch the video!