Credit Unions v. Banks

Credit Unions and Banks. What’s the difference?

  Credit Unions Banks
Type of Organization Not-for-profit financial cooperative Generate profit for stockholders
Who Owns It Members Stockholders
Board of Directors Volunteer members (unpaid) Stockholders (paid)
Income Comes From Interest from loans, non-interest income Investments, fees, interest from loans
Income Goes To Members (in for form of better rates and fewer fees) Stockholders
Who Can Join Anyone within a designated field of membership Anyone
Deposits Insured By NCUA (National Credit Union Administration) FDIC (Federal Deposit Insurance Corporation)
Access 3,800 Shared Branches Only branches owned by the bank

 

That’s nice, but what’s in it for me?

Our free Kasasa Cash checking pays you with massive interest and nationwide ATM fee refunds! Plus, you’ll enjoy other money-saving conveniences:

  • Free Debit Card with no usage fees
  • Free Online Banking
  • Free BillPay
  • Free Mobile Banking
  • Automatic payment loan rate discount eligibility

See how much you can save if you bring your loans to Trailhead with our Loan Saver calculator. And our Trailhead Rewards program rewards you for being an active member of our financial cooperative.