Posted 6 years ago on Oct. 18, 2011, 7:22 p.m. EST by enigmaticblake
This content is user submitted and not an official statement
Credit Unions are not for profit financial institutions. They are not owned by shareholders to make profit, they serve their depositors. They offer lower rate Loans, credit card and higher interests on deposits. They generally pay their employees more as well. They can create money in the form of debt just like regular banks.(fractional reserve system).
Cheaper car, school, and home loans.
You can save yourself money, while taking away profits from wall street. There is a cost to Passive ownership. Cut that out and it benefits everyone but the super rich, who make all of their money through passive ownership.
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