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For-profitNot-for-profit
Profits given to shareholders
Customers have no right of ownership
Profits go to members via better interest rates & free/low cost services
Stakeholders select a paid board
Each member has an equal share in the credit union
One vote per stock unit
Members elect a volunteer board
One vote per member
Checking/savings accounts, loans, business lending,
CDs, IRAs, etc.
Checking/savings accounts, loans, business lending,
CDs, IRAs, etc.
Banks are...Credit unions are...
Owned by shareholdersOwned by members
Insured by the NCUA Insured by the FDIC
Credit Union Di�erenceCredit unions have many of the same services and products as banks BUT differ in key areas.
$142MILLION
Credit Union Membership Makes Cents!
Last year, Missouricredit unions saved
their members
Missouri credit union members enjoy benefits like:
Less Fees & Lower Costs
Friendlier Mortgages
More Savings Potential
Credit union members saved an average of
on mortgageclosing costs.$210
Smarter Auto BuyingCredit union members
saved an average of on 60-month,new car loans.1.12%
On average, CU members saved
more on regular savings accounts.* 13x
Credit union members paid
less in credit card late fees.*28%
Source: CUNA, Missouri Membership Benefits Report, Year End 2016
*minimum balance of $1,000
*on average, compared to bank customers