The Difference: Credit Unions vs. Banks

Credit Union Difference

What Is a Credit Union? A credit union is a nonprofit, member-owned cooperative that provides financial services to its members.

Credit unions focus on saving and borrowing, but they may offer other common banking services.

Credit union membership is based on a certain field. These membership fields can be occupational, associational or geographical.

If you qualify, your first deposit also counts as your first purchased share. This makes you a member and partial owner of the credit union.



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To assist members in accessing information not maintained on this site, the Credit Union provides links to other Internet addresses. Be advised that: 1) by clicking on any link to other Internet addresses, you are leaving the Credit Union's web site; 2) you are linking to an alternate web site not operated by the Credit Union; 3) the Credit Union is not responsible for the content of the alternate web site; 4) the Credit Union does not represent either the third party or the member if the two enter into a transaction; and 5) privacy and security policies may differ from those practiced by the Credit Union.

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