Credit Unions
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Owned by Members
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Not for Profit
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Your deposits buy you shares of the company
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Surcharge-free, in network ATM transactions
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Federally regulated by NCUA
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Primary focus is people
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Exempt from most state and federal taxes
allowing them to pass on great rates to members
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Banks
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Owned by Stockholders
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Strictly For Profit
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Your deposits are a “loan” to the bank
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Fees for ATM transactions at other financial institutions
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Federally Regulated by FDIC
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Primary focus is profit
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Nonexempt from most state and federal taxes
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