How do credit unions differ from banks?
Credit unions are not-for-profit cooperatives that exist to serve the financial needs of their members (who are also owners) and offer the same types of banking products and services you would find at other financial institutions, including savings and checking accounts, loans, mortgages, Internet home banking and bill payment, and more.
A volunteer board of directors, elected by the members, governs a credit union. With their vote, each member has a direct impact on the direction of the credit union.
Also, “People Helping People” is the credit union philosophy. The credit union operates to promote the financial well-being of their members.
For more information on The Credit Union Difference, click here.