I saw it at AddisonAvenue.com where I got a free checking account. Are all credit unions not-for-profit?
2007-01-11 11:11:12 · 3 answers · asked by VolleyRocket.com 1 in Business & Finance ➔ Personal Finance
Hi~
Yes, all credit unions are not-for-profit. That's what makes them unique and better than a bank as far as rates and service. Account holders are member owners of credit unions. Banks just want to make profits for their shareholders. Profits from credit unions go back to their member owners in the form of dividends, higher rates on savings, and lower rates on loans.
2007-01-11 11:20:46 · answer #1 · answered by intensefirejr 3 · 0⤊ 0⤋
Those are cute commercials, I like that!
Yes, all credit unions are nonprofit
2007-01-11 11:26:17 · answer #2 · answered by Together 4 · 0⤊ 0⤋
Nope,haven't seen it.
2007-01-12 06:18:51 · answer #3 · answered by pobbles 2 · 0⤊ 0⤋