The Credit Union Difference


The bottom line:

Banks are for-profit institutions. Credit Unions are not-for-profit cooperatives.

Credit unions exist to serve members, not stockholders. They are an economic democracy where each credit union member has equal ownership and one vote, regardless of how much money a member has on deposit. At a credit union, every single customer is both a member and an owner.

Credit unions are member-owned, democratically operated, not-for-profit organizations... they have the specified mission of meeting the credit and savings needs of consumers.
— The Credit Union Membership Access Act, 1998

Credit union earnings are returned to members in the form of lowered loan rates, reduced fees, and higher interest. They have an invested interest in the financial education of their members and positively affect spending and savings habits through partnership with the National Endowment for Financial Education.

Use NCUA’s tool to find a credit union: Research a Credit Union

How NetGiver fits in

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NetGiver was developed for credit unions by credit unions with a focus on supporting members and the community in which we all share. Credit unions exist to help people, and NetGiver is one of the many ways that credit unions continue to find innovative ways to serve their members as well as philanthropic organizations and worthwhile causes.