Our branches and contact center will be closed on Monday, 5/25/15, in observance of Memorial Day.
Digital Banking, ATMs, and 24-Hour Telephone Banking will be available as usual.
Credit Union v.s. Banks
Credit Unions Banks
|Owned by their members||Owned by a few stockholders|
|Earnings are returned to members in the form of lower loan rates, higher interest rates on deposits, and lower fees||Earnings are returned to stockholders|
|Governed by a volunteer board of directors elected by the membership||Governed by a compensated board, typically made up of those who own the majority of the stock|
|Only serve those within their field of membership||Can serve anyone, regardless of where they live or work|
|Are federally insured by the National Credit Union Administration (NCUA) or a private insurer||
Are federally insured by the Federal Deposit Insurance Corporation (FDIC)
make money for stockholders.