Credit Unions vs. Banks: Why More People Are Choosing a Financial Cooperative Over Big Banks.
After riding the wave of I Love My Credit Union Day on July 25, 2025, we’re feeling the credit union love like a sunny day on the Puget Sound. It’s the perfect moment to celebrate what makes credit unions so special—and reflect on how they stand apart from your typical big-bank experience.
When it comes to managing your money, choosing the right financial partner makes a big difference. For many people, that choice comes down to a traditional bank or a credit union. And lately, more and more folks are discovering the benefits of going with a credit union—especially one like Our Community Credit Union (OURCU).
If you’ve ever wondered what sets credit unions apart, or why OURCU might be a great fit for you, here’s a simple breakdown.
🏦 What’s the Difference Between a Credit Union and a Bank?
✔ Who owns it?
[x] Credit Union: Owned by the members (that’s you!)
[ ] Traditional Bank: Owned by shareholders and investors
✔ What’s the goal?
[x] Credit Union: Empowering members & community with personalized services to live their best financial life
[ ] Traditional Bank: Focused on generating profits
✔ Fees & Rates
[x] Credit Union: Lower fees, better rates
[ ] Traditional Bank: Often higher fees and rates
✔ Customer Service
[x] Credit Union: Local, personal, and friendly
[ ] Traditional Bank: Can feel corporate or impersonal
✔ Membership
[x] Credit Union: Membership required, but easy to join, anyone living, working or attending school in Washington is eligible to apply for membership to OURCU
[ ] Traditional Bank: Open to anyone
Credit unions are all about people helping people. Instead of focusing on profits, they focus on providing value to their members.
🌲 A Little About OURCU
Since 1941, OURCU has been rooted in the heart of the Pacific Northwest—established in the charming town of Shelton, Washington with the Simpson Logging Company, and growing strong ever since. It was established by local loggers who were being turned away by big banks for basic financial needs. They wanted a place where working people could get fair, honest financial help—and that’s exactly what they built.
Today, OURCU serves roughly 34,000 members across eight branches in Mason, Grays Harbor, Thurston, and King Counties. Even though it’s grown, it’s still deeply rooted in the community and committed to putting people first.
💬 What Makes OURCU Stand Out?
Here’s what members love:
Lower fees and better rates – Whether it’s a car loan or a savings account, OURCU helps your money go further.
Friendly, local service – You’re not just a number. The staff gets to know you and your dreams, to better understand your financial journey and how to make those dreams a reality!
Modern tools – Convenience is key! OURCU’s Digital Banking lets you manage your money anytime, anywhere.
Community focus – OURCU gives back through local programs, education, and support. In 2024, OURCU dedicated over 1600 volunteer hours and supported 84 charitable/non-profit organizations across 4 Washington counties!
And it’s all guided by a mission that really says it all:
“To develop lifelong relationships by empowering our members, employees, and communities with personalized service to live their best financial lives.”
✅ Is a Credit Union Right for You?
If you’re looking for a financial institution that:
Treats you like a person, not an account number
Offers great rates and low fees
Supports your local community
…then a credit union like OURCU might be just what you need.
📍 Want to Learn More?
Joining OURCU is easy! Remember, membership is open to anyone who lives or works in Washington State. Whether you’re opening your first account, refinancing a loan, or just looking for a better banking experience, OURCU is here to help.
