Competition
In December 2007, South Carolina Federal was the second largest credit union (by asset size) in the state of South Carolina; however, it was among numerous credit unions allowed by the NCUA to serve people in its field of membership. South Carolina Federal counts among its competitors other credit unions, such as Heritage Trust Federal Credit Union, and banks, such as First Federal Bank, that maintain a presence in the same local areas and offer a relatively comparable suite of products.
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Famous quotes containing the word competition:
“Playing games with agreed upon rules helps children learn to live by rules, establish the delicate balance between competition and cooperation, between fair play and justice and exploitation and abuse of these for personal gain. It helps them learn to manage the warmth of winning and the hurt of losing; it helps them to believe that there will be another chance to win the next time.”
—James P. Comer (20th century)
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (1588–1679)