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| Watch: Credit Unions’ core mission is Members, not Money |
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Highlighting what the credit union difference means for everyday Americans struggling with rising costs in an interview with The Hill, America’s Credit Unions Senior Vice President of Advocacy Greg Mesack shared how credit unions approach financial services differently from banks.
“When we look at a member in need, we look at, not how can I make money off of them, we look at how can I help them make ends meet? How can I help them afford a car? Put shoes on their kids before they go to school? Put food on the table?” he said. “Your average credit union charges lower interest rates on car loans, lower interest rates on credit cards. So, when we work with a member, we help them afford the everyday essentials. We help them make ends meet.”
Rising costs are making food, gas, clothes, and other necessities more expensive, but credit unions work to make life more affordable. “That's exactly what we do,” Mesack noted. “When banks are charging more, we're doing everything we can to charge less and help people make ends meet.”
He also added that banks have closed 20,000 branches nationwide since the onset of the COVID pandemic, while credit unions have more branches open now than prior to COVID.
“When your small business needs a place to go to get a loan for a truck or for equipment, or when an elderly couple needs someone to go to see ‘how can they work on my retirement savings?’- that credit union is there in the community. It's a place where people can go to have the financial services they need,” he said. “And that goes to the core of credit unions…. We try to help our members.”
America’s Credit Unions sponsored The Hill’s 2026 Notable Staffers List, and ran a full-page ad on the credit union difference last week with nearly 500 credit union advocates in Washington, D.C. for Congressional Caucus.
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