Credit Unions Banks
 
 Philosophy Not for profit, not for charity, but for service. Decisions made in the members' best interest. Generate profit for stockholders. Decisions profit-motivated for stockholders.
 
 Structure Financial cooperatives with member/owners. Commercial businesses with paid stockholders; services offered to make a profit.
 
 Ownership Members are equal owners. Stockholders.
 
 Board of Directors Unpaid volunteers elected annually by membership. Paid shareholders. Only those with stock can vote.
 
 Earnings/Income Income is returned to members in the forms of better rates and lower fees. Income is returned to stockholders in the form of higher stock dividends.
 
 Fees Typically lower. Can account for up to 1/3 of total profits.
 
 Deposit Insurance Federally insured up to $250,000 by the NCUA (National Credit Union Administration). Federally insured up to $250,000 by the FDIC (Federal Deposit Insurance Corporation).