Credit Unions vs. BANKS

Differences between Credit Unions and banks lie in their tax status, Board of Directors, ownership, focus, and governing and insuring bodies. Credit Unions are service-driven, care about people, and belong to a worldwide network that supports growth and development of credit unions.

Visit the Early Show online for an update on Credit Unions vs Banks.

 

Credit Unions

Banks

Return profits to members in the form of lower loan rates, higher savings rates and low or no fee services

Return profits to a small group of stockholders

Have members - each person who deposits money has a share of ownership.

Have customers

Federally insured by the National Credit Union Association (NCUA)

Federally insured by the Federal Deposit Insurance Corporation (FDIC)

Credit Union members vote for the Board
of Directors

Have customers that do not have voting privileges

Not-for-profit institutions

For-profit institutions

Democratically controlled by member-owners

Controlled by stockholders and paid officials

Serve only those within their field
of membership

Serve anyone in the general public

Have a volunteer Board of Directors

Have a paid Board of Directors

 

Warren Federal Credit Union PO Box 3200
Cheyenne, WY 82003
307.432.5400
800.368.9328 - Toll Free
support@warrenfcu.com

 



Current Rates

Type Term APR
2006 or newer - up to $25,000 up to 60 months 5.50%
Home Equity Line of Credit As low as 3.99%
Recreational Vehicles As low as 7.00%

Annual Percentage Rates (APR) are based on approved credit and are subject to change

View All Rates

Quick Application Links

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