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What are the differences between the Patelco credit union and more traditional loan providers?
Wiki User
∙ 11y ago
Unlike banks, the Patelco credit union is run as a not-for-profit venture. This enables them to offer lower interest rates on loand and increase the interest they pay on savings. Credit Unions are also owned by their members whereas the larger banks tend to be owned by their shareholders.
Wiki User
∙ 11y ago
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