| Not for profit. Earnings
returned as better rates, few and lower fees, improved
services. |
For Profit for Shareholders |
| When opening an account, you are an
owner. |
Shareholder-elected, paid board of
directors. |
| You can vote for or be elected
to the board of directors. |
Banks serve the shareholders who may
not have an account at the bank. |
| As owner, it is our job to work for
the account holders or members. |
Loans mostly oriented toward commercial
lending. |
| Wide variety of loans for individuals
- Auto, Share Secured, Home Equity, Credit Cards. |
Fees account for nearly one-third
of banks' profit. |
| Credit unions usually have
fewer and lower fees. |
Deposits insured for $250,000. |
| Credit unions do not rely on fees for
income. |
|
| Deposits insured for $250,000. |
|
