You’ve probably heard all the “big banks are bad; switch to a credit union” hype, but do you know why credit unions are better for consumers? In light of the second annual Bank Transfer Day coming up, let’s review the differences between banks and credit unions and why you should switch. Banks are for profit.… (keep reading)
principle #4 (independence)
Autonomy & independence set us apart. As a financial cooperative, Seattle Metropolitan Credit Union is autonomous and independent because we are controlled by our members, not outside shareholders. If SMCU seeks to enter into agreements with other organizations it must be done in ways that ensure cooperative autonomy and continued control by members only.
Seattle Metropolitan Credit Union was born to help City of Seattle workers help themselves. Nearly eighty years later, anyone who lives in the state of Washington can find financial autonomy by switching to SMCU. We haven’t forgotten that we were built by our members and are therefore a reflection of their wants and needs. We… (keep reading)
Members of Seattle Metropolitan Credit Union will tell you that we are a different kind of financial institution. We are a financial co-op, and being a co-op means doing right by our members. Being a co-op means that we do business according to a set of time-tested principles, none of which is focusing on maximizing… (keep reading)