How do credit unions differ from banks?
Credit unions are not for profit and exist to help people. Earnings are returned to their members in the form products and services that best meet the needs of the membership as a whole, in addition to better savings and loans rates.
Each member has a the opportunity for a direct impact on the direction of the credit union through the election of the volunteer board of directors who govern, using the "people helping people" credit union philosophy.
A credit union's goal is to serve all of their members equally and provide charitable contributions to their community. Credit unions are owned by their members.