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Rate Comparison


Credit Unions vs. Banks

Credit Unions Banks
Not for profit For profit
Return earnings to members with lower loan rates, higher savings rates, and free or low-cost services Returns profits to shareholders
Customers are members with share of ownership Customers are, well, just customers
Members elect the board of directors Stockholders elect the board of directors
Most board members are volunteers Board members are generally compensated for their service
Members' funds on deposit are insured by the Federal Government through the National Credit Union Share Insurance Fund (NCUSIF), up to $250,000 Customer's funds on deposit are insured by the federal government through the FDIC, up to $250,000
Credit unions serve members who share a common bond, such as where they work, live or even their religion Banks can serve everyone in the general public

Averages displayed are straight averages of all institutions within the Informa Research Services database. For detailed disclosures, click here.