Four Most Important Distinctions Between Credit Unions And Other Financial Institutions

CREDIT UNIONS ARE MEMBER OWNED

Members are owners of the union. They are seen as persons rather than a cost centre

CREDIT UNIONS ARE NOT FOR PROFIT

This explains the very high interest earned on savings.

NO COOPERATE TAXES

Credit Unions are exempted from all corporate taxes. This helps you to save and grow your money.

HIGH INTEREST ON SAVINGS

Interest gained on savings are on the high side due to our member base management system.