Credit union members across Missouri save $66 per member each year – just by being a member –
A not-for-profit credit union is all about providing great financial services to its members.
That’s its sole purpose, distinguishing a credit union from other financial institutions, particularly a bank. A bank’s first priority is to maximize shareholders’ profits – from the rates and fees charged to its customers for loans and services.
But a credit union – not-for-profit and owned by its members– typically offers lower rates on loans, higher returns on savings and lower or fewer fees for services. A credit union can do that because its emphasis is on providing financial services to members at reasonable costs and returns – not by amassing profits from them.
By making financial services more affordable, a credit union helps you reach your goals and improve your financial well-being.
You might say a bank uses people to make money – but a credit union uses money to help people.
To learn more about credit unions, visit BankonMore.com