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Illinois Credit Unions: Focused On The Members We Serve
Thursday, May 30, 2019 - Posted by Advertising Department [The following is a paid advertisement.] Credit unions are a small segment of Illinois’ financial sector. By mid-year of 2018 credit unions controlled merely 7.6% of deposits. While credit unions are growing, other financial institutions dominate the market. Structure is the key difference between credit unions and our counterparts. Credit unions are member-owned, democratically governed, not-for-profit financial cooperatives. Our structure means there are no stockholders demanding market rate of return on their investments. Our earnings are passed along to member-owners rather than a small, wealthy group of investors. Because credit unions are not focused on making a profit for investors, they are able to provide lower rates on loans, high rates on savings, and community enrichment. Interested in learning more about the unique benefits of credit union membership? Visit YourMoneyFurther.com to learn more.
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