What is a Credit Union?

A credit union, unlike a bank, is owned by its members. Members are those who own a share of the credit union, which they earned when they opened their Share Savings Account. Credit Union members are the only ones who can save and borrow from the credit union.

Because a credit union is governed by a volunteer Board of Directors, fees are typically lower, savings dividend rates are typically higher, and loan rates are typically lower than other financial institutions.

Some of the products and services that Ohio Teamsters Credit Union offers are:

• Checking Accounts
   
• Savings Accounts
   
• Direct Deposit
   
• Share Certificates (CDs)
   
• ATM Cards
   
• New and Used Vehicle Loans
   
• Signature Loans
   
• Signature Lines of Credit 
   
• Share Secured Loans