Organized People



To serve members at cost



Each member has only one vote


Capital is paid minimun interest


Surplus is divided among members in proportion to patronage

Organized Capital



To serve public for profit




Each share of stock has one vote


Capital receives all the profit


Profit is paid to stockholder in proportion to their holdings

Differences between a Co-operative and other Businesses


Ordinary Business














Credit Union Difference

Credit unions are uniquely different from for-profit financial institutions and offer their members special advantages:

Member Ownership

Each member of a credit union is an equal owner of that credit union and is entitled to one vote at the annual meeting, regardless of the amount of money he or she has deposited in the credit union.

Members First

Because credit unions are not-for-profit cooperatives, they are usually able to offer considerably lower loan rates, higher interest on savings and lower fees than for-profit institutions.

Volunteer Leadership

Credit Unions are led by a Board of Directors, elected by the membership at the annual meeting. Board members volunteer and are not compensated.