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How do credit unions differ from banks?

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How do credit unions differ from banks?

Unlike banks, credit unions are not-for-profit organizations that are owned by the members of that credit union. Banks are for-profit institutions owned by shareholders.  Once you join a credit union you are officially a part-owner of the institution. Every member, regardless of the amount in their account, can cast a vote to elect the credit union’s board members.

Because of these reasons, we are able to pass substantial savings on to our members in comparison with other financial institutions. You could save hundreds – perhaps thousands – of dollars each year by using credit union services, as opposed to a commercial bank. As a member-owned financial institution, we return operating profits to our members, so you can enjoy:

Not a member yet?

Joining is easy! You can open an account with as little as $5. First determine whether you’re eligible for membership and then open your account today!

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