S E P T E M B E R 1 2 , 2 0 1 4

BANK VS. CREDIT UNION

INTRODUCTION VIDEOS

• http://www.youtube.com/watch?v=cq6ziybK_84

• http://www.youtube.com/watch?v=fdOKBz_aedY

• http://www.youtube.com/watch?v=x-YeJunGoZ4

• http://www.youtube.com/watch?v=dSSH82DdMH4

CREATE A VENN DIAGRAM

Credit

Union

Bank

Both

Not for Profit Members

NOT shareholder

s

30,000+ surcharge-free ATMs

Elections are based on 1 member vote (1-vote

philosophy)

Democratically governed

Insured by NCUA up to 250,000

Lower Fees

Better rates

Free ATMs

Local and community based

Member support

CREDIT

UNIONS

Earnings go to outside bond and

stockholders

Insured by FDIC up to 250,000

Governed by paid shareholders

Voting rights depend on number of shares owned

BIG! Average size is double

of a credit union.

Have customers and shareholders.

MUST make money from customers to

PLEASE shareholders.

Must use their ATMs

Fees for ATM

outside use

Profit corporations

Offer full range of financial products

and services

BANK

Checking Accounts

Credit Cards

Auto Loansmortgages

Home equity loans

Savings Accounts

ATM/debit cards

BOTH

• http://www.wingclips.com/movie-clips/mr-deeds/what-did-you-want-to-be

• http://www.youtube.com/watch?v=oEtIf_2mzJc