The 2010 January Dollars and Sense newsletter is here!
Click this link 2010 January newsletter
to read all about your credit union in the community,
new Home Banking enhancements, and tips to prevent identity theft!
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What is the difference between a
Bank and a Credit Union???
- Credit Unions are Member Owned.
- When you open an account, you become an owner.
- Banks are Owned by Investors.
- The bank's job is to make money for the investors.
- Credit Unions are Not-for-Profit.
- Any profits we make come back to you, the member, in the form of lower loan rates and higher dividends.
- Banks are for profit.
- When they make money, it goes to the CEO, Board Members, and presidents in the form of bonuses.
- Credit Union members elect the Board of Directors and Supervisory Committee.
- The credit union is governed by an elected Board of Directors and Supervisory Committee who volunteer their time to the credit union.
- Banks hire the Board of Directors.
- The more profitable the bank, the more the Board of Directors receive compensation.
What does this mean for you?
At Olympia Credit Union, you are the boss, you get the profits, you have control.
So why join a bank when you can
own a credit union?
Olympia Credit Union does not initiate any phone calls or send ANY emails requesting
personal or account information. Local credit unions have reported recent calls asking for member PIN numbers on their cards in order to activate a card. We will not call you to activate a card and we will never ask you for your PIN to your card.
If you receive suspicious emails, please forward them to Olympia Credit Union. If someone initiates a call to you claiming to be from the credit union and asks for personal or account information, please hang up and call us directly!
Olympia Credit Union suggests that you do not respond to any emails or phone calls
that request personal or account information.
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Here at Olympia Credit Union we have been serving Thurston County Residents since 1965.
If you are not a member - we invite you to come - discover Thurston County's best kept secret! We offer big services with a personal touch....Does your bank answer their phones? Or do you get lost in the maze of menus? Here at Olympia Credit Union we answer our phones!
On this page you will find some quick links for your convenience - including our very easy to use home banking.
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