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The CU Difference

What exactly is the difference between banks and credit unions? Listed here are some of the facts that make credit unions America’s premier choice in the financial services industry.

Credit Union

Bank

Not-for-Profit

Field of Membership (Common Bond)

Several Products & Services

Accessible 24/7

Fewer Fees, Better Rates

Member Owned

NCUA ($250K)

For-Profit

Anyone Can Be a Customer

Several Products & Services

Accessible 24/7

More Fees, Worse Rates

Shareholder Owned

FDIC ($250k)

Credit Union

Not-for-Profit

Field of Membership (Common Bond)

Several Products & Services

Accessible 24/7

Fewer Fees, Better Rates

Member Owned

NCUA ($250K)

Bank

For-Profit

Anyone Can Be a Customer

Several Products & Services

Accessible 24/7

More Fees, Worse Rates

Shareholder Owned

FDIC ($250k)

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