why join a credit union?
Credit unions and banks offer many of the same products and services. However, we’re quite different in our approach to serving you, as you are our member-owners. Our dedicated employees also make the difference. Civic-minded, we live in the same communities as you. We shop at the same stores and attend the same schools and churches. Like you, we have a stake in this community and in your personal success.
|N/A||BlueOx Credit Union||Local or National Banks|
|Structure||Not for profit, our earnings are given back to our member/owners in the form of higher dividends and lower loan rates||Generates profits for shareholders|
|Board of Directors||Unpaid Volunteers||Paid Shareholders|
|Fees||Typically lower||Generally account for one-third of banks' total profits|
|Earnings Go To||Members||Shareholders|
|Interactions with Like Financial Institutions||Cooperative||Competitive|
|Deposits Insured By||NCUA (National Credit Union Administration)||FDIC (Federal Deposit Insurance Corporation)|
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