|
Credit Unions
>
Not-for-Profit
> Profits
Benefit Members
> Don't Need a
Bail Out
> Don't Cost
Taxpayers Anything
> Locally Owned
> Low Fees
> Approve Loans
in Members' Best Interest
> Still Lending
Responsibly
> Voluntary
Board of Directors
> Member-owned
> Small = Nimble, Can Serve Quickly
> Transparent
|
Banks
>
For Profit
>
Profits Benefit Stockholders
at Customers' Expense
>
Need a Bail Out
> Cost Taxpayers
>
Typically, Not Locally Owned
>
High Fees
>
Approve High-risk Loans
> Slowing Lending
Due to Poor
Lending Practices
>
Paid Board of Directors
> Bank-owned
> Large = Bureaucracy, Overhead
> Concealed
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