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That’s essentially what a credit union is. The depositors are members/shareholders, so there is less focus on profiting from fees. Much of the profit comes from
by clintonb 7y ago
That’s essentially what a credit union is. The depositors are members/shareholders, so there is less focus on profiting from fees. Much of the profit comes from loans back to the members.
- User23 7y agoI walked away from commercial banking almost 2 decades ago and never regretted it once. Credit unions are great.