A Credit Union is "by the members, and for the members"
Many people do not understand what a credit union really is, and how it differs from a bank. A credit union is different than a bank in that it is:
Credit Unions
- Not for profit
- Owned by its members
- Volunteer Board of Directors
- Supervised by Volunteer Supervisory Committee
Banks
- For Profit
- Owned by stockholders
- Compensated Board of Directors
- Compensated Audit Committees
