Why a Credit Union

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

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

  • Not for profit
  • Owned by its members
  • Volunteer Board of Directors
  • Supervised by Volunteer Supervisory Committee

Banks

  • For Profit
  • Owned by stockholders
  • Compensated Board of Directors
  • Compensated Audit Committees
Members