Non-profit: An organization that does not issue stock shares or distribute its surplus funds to owners or shareholders, but instead uses the funds to help achieve its goals
The difference between a for-profit organization and non-profit is rather clear and that alone is a crown jewel within any service provider / affiliation. Credit unions are not only non-profit, but they have far more perks whilst banks are for profit. The power of a voice is given to a member, all the while still promoting accountability. As as member of a credit union you become a shareholder of the bank and you get a vote - no matter how much money you have. The directors are volunteers so it’s guarantee that your banking situation isn’t affected by economic influence. Credit unions are also federally insured - but not all, so ask your credit union if they are. Only the really small ones which are privately owned. Credit unions do make profits but that money goes back to the members in various forms, lower rates and if there are any economic crisis’ there’ll be enough money to up stand service throughout.
Your voice will always be heard and your opinion matters. Taking responsibility for your own future, so we don’t end up in another crisis with someone to blame.