The CU Difference

Credit Unions are NOT Banks!

What exactly is the difference between banks and credit unions? Listed below are just some few of the facts that make credit unions America’s premier choice in the financial services industry.

    • Credit unions are Number #1 in satisfaction and trust. In the United States, credit unions have been the favorite among consumers surveyed in the American Banker Magazine’s satisfaction survey every year the independent publication has done the study – since 1983. Just recently, credit unions assumed the top ranking in trustworthiness as well.
    • Credit Unions are among the best-run and safest financial institutions in the country. They are cooperative, nonprofit organizations, owned and controlled by their members. Rather than making a profit for stockholders, earnings are shared with members in the form of higher savings rates and lower loan rates and fees. Credit Unions are the only democratically controlled financial institutions in the United States.
    • Credit Unions are for everyone, but usually only for people who belong to a group served by the credit union are eligible to join. Members often share a “common bond” by working for the same employer, or belong to an organization or association or perhaps live in the same community.

Hidden River Credit Union serves over 16,000 members and total assets now exceed $141 million, and capital, a measure of financial health, is at an all-time high. Savings are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a US Government agency.