What
Is
a
Credit
Union?
A
credit union is a not-for-profit
financial institution, whose
members pool their resources
for mutual financial benefit. "People
Helping People" is
the easiest way to define credit
union operations.
Credit
Unions Give Members an Edge Over
Banks:
| Bank |
Credit
Union |
| For-profit
organization |
Not-for-profit
organization |
| Owned
by Stockholders |
Owned
by members |
| Income
distributed to stockholders |
Income
distributed to members |
| Higher
fees |
Lower
or NO fees |
| Higher
loan rates |
Lower
loan rates |
| Lower
savings rates |
Higher
savings rates |
Credit
Unions Are Safe & Sound!
Not one member
has ever lost
a penny from
a federally insured
Credit Union!
Matadors Community
Credit Union
is insured by
the National
Credit Union
Administration
(NCUA), a
federal government
agency. Individual
member deposits
are insured up
to $100,000,
and IRAs are
separately insured
up to an additional
$100,000.
And,
since your Credit Union is under
the direction of fellow MCCU
members just like you, safety
ALWAYS comes first!
|
