Why a Credit Union

Many people do not understand what a credit union really is, and how it differs from a bank. A credit union is different than a bank in that it is:

Credit Unions
Banks
  • Not for profit
  • Owned by its members
  • Volunteer Board of Directors
  • Supervised by Volunteer Supervisory Committee
  • For Profit
  • Owned by stockholders
  • Compensated Board of Directors
  • Compensated Audit Committees

 

A Credit Union is "by the members, and for the members"