The Credit Union Difference
Credit Unions are not for profit cooperatives owned by our members. We are in existence to serve our members, not a group of stockholders. Every one of our members has an equal vote in credit union elections, which are typically held at our Annual Meeting. Because we don't have to pay a group of stockholders, we are able to pay our members a higher rate of return on their savings and charge less in interest and fees on loans and other financial products.
The Difference between Banks and Credit Unions