WHAT MAKES A
CREDIT UNION DIFFERENT FROM A BANK? See what sets us apart from banks and why being different is a good thing.
At first glance, banks and credit unions may seem pretty similar. They both take care of your money, offer loans and provide financial services. But if you’re looking for a financial institution you can trust, credit unions differ from banks in a few significant ways.
OPEN AN ACCOUNT
WHAT IS THEIR MOTIVATION?
We want to help people achieve their financial goals.
They want to make a profit for their shareholders.
WHERE DO THE PROFITS GO?
Our profits are given to our members, shared with our community and invested back into our credit union.
Their profits are paid to shareholders.
Products and Services
WHAT PRODUCTS DO THEY OFFER?
We offer auto loans, home loans, savings accounts, credit cards, business banking and more.
They offer auto loans, home loans, savings accounts, credit cards, business banking and more.
WHO CAN OPEN AN ACCOUNT?
Anybody in the Phoenix area can open an account with us.
Anybody in the Phoenix area can open an account with them.
ARE THEY FEDERALLY INSURED?
We are federally insured up to $250,000 by the NCUA.
They are federally insured up to $250,000 by the FDIC.
There’s nothing wrong with banking at a bank. We just believe that we have a better way.