Ever Wonder How Credit Unions are Different from Banks?

Credit Union vs. Bank

Credit Union
Not-for-profit cooperatives offer a full range of financial products and services to their members.
Earnings are returned to members through services like free ATMs, better rates, and lower fees.
Insured through NCUA up to $250,000.
Owners and members live and work in their local community. Credit unions are democratically governed and elections are based on a one-member, one-vote philosophy.

vs.

Bank
For-profit corporations offer a full range of financial products and services
Earnings go to outside stockholders in the form of dividends.
Insured by FDIC up to $250,000.
Banks are governed by paid shareholders. Voting rights depend on the number of shares owned.

Now you know…what will you choose?

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