Our branches and contact center will be closed on Saturday, July 4, in observance of Independence Day.
Digital Banking, ATMs, and AutomatedTelephone 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.