How Credit Unions are Like Farmers Markets: Ty Robbins of People’s Trust FCU

Ty Robbins, AVP of IT & CIO, People’s Trust Federal Credit Union talks with Cameron Madill of The Remarkable Credit Union Podcast. This podcast is designed to help credit union leaders and marketers think outside of the box about marketing, technology, and community impact.

In this interview, Robbins discusses his passion for using the cooperative principles and technology to bring the credit union of tomorrow to life today.

Robbins compares credit unions to farmers markets, “If you’re willing to go to the trouble to eat local and shop local and do business locally, you really need to bank locally. And that’s what credit unions are. We are the farmer’s market equivalent of financial institutions. We offer all the same products. There really isn’t ever a premium for it. In fact, most people save money by doing business with a credit union versus a bank, on fees, on interest rates, etc.”

He added, “And this is the part where most people who do business with a credit union miss understanding, they’re part owners of the institution. Their membership gives them a vote in deciding what path this, or any credit union, should be on.”

Click here to listen to the podcast or for more information.