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

Co-operative 

Ordinary Business

NATURE

 

 

PURPOSE

 

 

METHOD

 

 

 

 

 

 

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.