pic by woodleywonderworks

Nonprofits worth billions making a major financial impact in communities across the country and growing each day.

Credit unions differ from other banks in several ways:

Credit Unions                                                    

• Not-for-profit cooperatives
• Owned by members
• Operated by mostly volunteer boards

Other Financial Institutions

• Owned by outside stockholders
• Owned by outside stockholders
• Controlled by paid boards

These factors allow credit unions to offer its members lower loan rates, higher savings rates and fewer service fees.

This entry was posted on Friday, December 12th, 2008 at 12:01 am and is filed under Marketing, Strategic Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.