1. Bank Vs. Credit union
September 12, 2014

2. Introduction videos http://www.youtube.com/watch?v=cq6ziybK_84

3. Create a Venn diagram
Credit Union
Bank
Both

4. CREDIT UNIONS Not for Profit Members NOT shareholders
30,000+ surcharge-free ATMs
Elections are based on 1 member vote (1-vote philosophy)
Democratically governed
Insured by NCUA up to 250,000
Lower Fees
Better rates
Free ATMs
Local and community based
Member support
CREDIT UNIONS

5. BANK Earnings go to outside bond and stockholders
Insured by FDIC up to 250,000
Governed by paid shareholders
Voting rights depend on number of shares owned
BIG! Average size is double of a credit union.
Have customers and shareholders.
MUST make money from customers to PLEASE shareholders.
Must use their ATMs
Fees for ATM outside use
Profit corporations
Offer full range of financial products and services
BANK

6. BOTH Checking Accounts Credit Cards Auto Loans mortgages
Home equity loans
Savings Accounts
ATM/debit cards
BOTH