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

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

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!

Missouri

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

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.

Accounts

Share Savings Account

Open your membership at ACU by establishing your share of ownership with our Share Savings Account.

Convenience

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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Call Center

Online Banking

Here is the difference!

Credit unions are for the people.

Credit Union Facts

Check Eligibility to Join ACU

Related Links