| CREDIT UNIONS |
BANKS |
| Have MEMBERS; each person who deposits money |
Have CUSTOMERS; customers have no ownership in the |
| IS an owner of the Credit Union |
organization |
| MEMBER - OWNED and operated |
CORPORATE -OWNED and operated |
| Are NOT-FOR-PROFIT |
Are FOR PROFIT institutions |
| SERVICE driven |
PROFIT driven |
| Members gain from the profits |
Company gains from the profits |
| Profits are returned to members in the form of |
Profits are returned to a small group of stockholders |
| LOWER LOAN RATES, HIGHER SAVINGS RATES |
|
| AND LOWER FEES |
|
| Serves ONLY those individuals within their field of |
Serves anyone in the general public |
| membership |
|
| Members elect a volunteer Board of Directors to |
Has a paid Board of Directors who represent the owners; |
| represent their interests |
customers do not have voting privileges |
| Federally insured by the National Credit Union |
Federally insured by the Federal Deposit Insurance |
| Administration Share insurance Fund (NCUA) |
Corporation (FDIC) |