Credit unions are uniquely different from for-profit financial institutions and offer their members special advantages:
Each member of a credit union is an equal owner of that credit union and is entitled to one vote at the annual meeting, regardless of how much money he or she has deposited in the credit union.
Because credit unions are not-for-profit cooperatives, they are usually able to offer lower loan rates, higher savings rates and lower fees than for-profit institutions.
Credit Unions are led by a Board of Directors elected from the membership at the annual meeting. Board members volunteer and are not compensated.(Courtesy World Council of Credit Unions)