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Here is the difference!

Credit unions are for the people.

Credit unions follow the model of people taking care of people, while banks tend to focus on satisfying their stockholders.

Credit Unions:

  • Each member who deposits money has a share of ownership
  • Members elect a volunteer Board of Directors to represent their interests
  • They are member service-driven
  • Return profits to members in a form of lower loan rates, higher savings rates and free or low cost services
  • Your deposit funds are NCUA insured up to $250K per membership type
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Credit Union Facts

Credit Union History
People Help People
Credit unions were created because people believed they could achieve a better way of life by grouping together their savings and making loans to neighbors, friends, and co-workers.
Credit Union Membership
World Wide Membership
Credit unions are kind of a big deal! Credit union membership is enjoyed by over 126 million people world-wide.
Credit Union History
Credit Unions in the USA
The first credit union in the USA was formed in 1909 by Alphonse Desjardins and Edward Filene. Interest rates were financially crippling to most people at that time, and the credit union offered a way out.
Credit Union vs Banks
Insurance Limits
Credit union deposits are ensured up to $250,000 per ownership type by the NCUA. Bank deposits are ensured up to $250,000 by the FDIC.
Credit Union Membership
Member Focused
Credit unions operate to promote the well-being of their members.
Financial Institution Facts
Customer Satisfaction
Nearly 50% of consumers switch financial institutions at least once in their lifetime. One of the main reasons for switching is quality of services, fees, and convenience.
Credit Union Membership
Number of Credit Unions
In 2022, there are 5,204 competing credit unions in the US. There are 4,636 Community Banks.
Credit Union vs Banks
Credit Union Benefits
The not-for-profit status carried by credit unions benefit members because they are able to charge lower interest rates on loans, better interest on deposits, and overall lower fees.
Financial Institution Facts
Joining Credit Unions
Last year, 2 million people between the ages of 18 and 35 joined a credit union. In fact, 28% of credit union members are under 35 while 54% of them are under age 50.
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Check Eligibility to Join ACU

Texas Counties
If you or a family member live, work, worship, or attend school within Dallas, Collin, or Rockwall County, we'd love the opportunity to serve you!
Springfield Select Employer Groups
If you work for: Kraft Heinz, Don Johnson's Tobacco World, or Commercial Metals Company, in Springfield, we'd love the opportunity to serve you!
Other Eligibility
If you are a family member of the Texas or Missouri eligibility groups, we'd love the opportunity to serve you!
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Related Links

About ACU
ACU Mission
We offer affordable financial services you need with values you appreciate.
About ACU
ACU History
See how is all started in 1934 and how we got to where we are today. It's been an incredible journey.
Benefits and Perks
Member Benefits
Learn more about all of the great member benefits America's Credit Union offers.
Credit Union Performance
Annual Reports
Here's the most recent financial report and quarterly newsletter from America's Credit Union.
Share Savings Account
Open your membership at ACU by establishing your share of ownership with our Share Savings Account.
Locations and ATMs
View the ACU branch locations and search for an ATM near you with our surcharge-free ATM network with over 90,000 ATMS,
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