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Credit Union Difference

Credit unions are very different from banks.  Banks are in business to make a big profit.  Credit unions exist to provide service to their members.  Banks are owned by groups of stockholders whose interests include making a healthy return on their investments.  They accept deposits and make loans to their customers, then return the income to their stockholders.  Credit unions accept deposits from and make loans to their members.  The difference is, credit unions do not have stockholders to pay - they have more important owners.  Therefore, the income generated by credit unions is returned to its owners - its members - in the form of higher dividend rates on savings and lower interest rates on loans.

A credit union is a not-for-profit, cooperative financial institution that is owned and controlled by the people who use its products and services.  These people are more than customers-they are member-owners.  Credit unions serve groups that share something in common, such as where they work, live or worship.  A credit unions' Board of Directors is elected by the membership, and each member of the board serves on a volunteer basis-receiving no compensation.

At Alta Vista, we know that credit unions exist to help people and not to make a profit, which is why we strive to educate our members every way we can.  Our goal is to improve our members' financial lives.  Let us help you reach your goal of improving your financial life!

And remember, as a credit union member your deposits are insured up to a combined $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).  The NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government.


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Alta Vista Credit Union is committed to providing your family with the Credit Union Difference.

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