Friday, June 1, 2012

Question of the Day: Credit Union or Bank?

Q: What is all the chatter about credit union? How do credit unions differ from banks?

A: Unlike banks, credit unions are member owned financial cooperatives; so when you join One Nevada, your initial deposit to open a share account establishes your membership and makes you a part owner. Since there are no outside bank stockholders to satisfy, our credit union passes on the savings to you in the form of lower mortgage and loan rates, fewer service fees and higher yields on savings and checking.

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