Bank lobbyists want you to think banks and credit unions are the same – but the facts say otherwise. The truth is, when credit unions thrive, so do the 140 million consumers and communities they serve.
Credit unions remain the only member-owned, not-for-profit financial institutions in the country, governed by volunteer boards and dedicated to advancing local communities. More than half of credit unions are designated as low-income institutions, serving 43% of all Americans, yet hold only 8.8% of the assets in financial institutions.
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