In May we talked about how a credit union is a financial cooperative, organized for the purpose of providing affordable financial services to members.
Credit unions are also . . .
Other financial institutions have stockholders who expect to receive a share of the profits. Credit unions return any surplus earnings to you in the form of higher savings rates, lower loan rates, and lower fees. As a member, you get one vote - no matter how much money you have on deposit. Everyone is an equally important part of the credit union. In for-profit financial institutions, stockholders get votes in proportion to how many shares they own.