The Difference between Banks and Credit Unions: Part 3

The third installment of The Difference between Banks and Credit Unions series. Featuring the most awkeard stickman run you've ever seen!

Category:

Education

Tags:

• youngfreealberta
• larissa
• walkiw
• credit
• union
• unions
• difference
• stop
• motion
• paper
• animation
• stickmen
• stick
• man
• money

[45ShootingStar45]

That is really good! I really like how you explain it in a way a kid like me can understand!I really enjoy watching your vids!

[larissawalkiw]

Thank you so much for the kind comment! I'm glad the videos help you understand (making them helped me understand, too!)

[lovemycu]

I have to correct some inaccuracies is whitingc's posts. CUs DO pay taxes, property, payroll, local, etc. They do not pay corporate income tax because they are not-for-profit. They are fulley insured by and REGULATED by the NCUA. In fact, they have greater restrictions on them than banks in many ways. Earnings are returned to members becuase they are also its owners. No high paid CEO and a Volunteer BOD.

By the way, lots of banks' "ships" seem to be sinking. So which is the safer intitution?

[sunners16]

Lmao "My knees are burning!".

[ShroukiePoo]

this is awesome!

[qualqui]

Great vid!!! = ) 

[jackdtroughton]

I find it unlikely I could walk into my Meridian branch and say "Hey, I need someone to come volunteer at my community picnic, come on!". While I understand the poetic gesture being made, and that CUs may be friendlier services,, I'm trying to make an informed decision, and so that kind of info isn't helpful in terms of facts.

What would a more factual analogy be of the CU's role in the community BBQ?

[rouge002]

excellent series.. great work.

[5random1]

Great series.

Sure the current situation is having a very positive effect for CU's.

Not so, for "banks."

[ReyesX77]

damn i know what i'm gonna do. first im gonna own a bank and then keep all my money at a credit union 

[CanadianQueer]

I work at a bank and know all the names of my regular customers. We are always trying to help them achieve their financial goals, as well as lend them a sympathetic ear when they want to talk. We frequently send out cards when our customers loose a loved one or become cancer-free. We donate to charity, put on raffles and barbecues, and raise money for community causes non-stop throughout the year. We are not the faceless, money-obsessed corporations you make us out to be.

[opal1sara]

This was a great informative vid! And excellently done, fabulous graphics!

[Childinfaith]

Distributism FTW