NAFCU shows how credit unions differ from banks

Credit unions play a critical role in the lives of 118 million Americans and the nation’s economy as a whole. As the industry faces unwarranted attacks from bank trade groups, NAFCU fights to ensure lawmakers and the public see the real credit union difference.

See credit unions’ benefits for yourself.

According to satisfaction surveys among financial institutions, consumers rank credit unions higher than banks, and, notably, national banks rank the lowest. Credit unions’ commitment to serving their members is further demonstrated by 82 percent of large credit unions providing free checking, compared to 38 percent of banks.

Credit unions are also leading the charge as the NCUA and lawmakers work toward greater diversity in the financial services industry. Currently, there are three times as many minority-designated credit unions as banks, and there are 10 times as many female CEOs at credit unions than at banks.

 

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