The Credit Union Difference

June 8, 2012 at 3:49 pm

There have been a lot of questions in the public lately about why Credit Unions and Banks are treated differently.  The difference is due to how the organizations are structured and who profits from deposits.  Credit Unions are non-profit organizations formed to help their communities and members.  Banks are for-profit organizations that are looking to help and protect the interests of their shareholders.

For more information, please check out this simple table created by the Local Government Federal Credit Union that compares how credit unions and banks operate:

Created by Local Federal Government Credit Union, available at https://www.lgfcu.org/media/pages/versus.php

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