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What’s the Difference?

The difference between your bank and your credit union.

TBA Credit Union is a non-profit, member owned financial cooperative. Once you deposit money at TBA Credit Union, you become a member (not a customer). Your deposit is considered your share of the ownership in the credit union. And guess what? Your money stays local.

Credit Unions Banks
Founded by a community of people for the people, credit unions are member owned and operated. For profit organizations, banks are owned by stock-holders.
Run by a volunteer board of directors, elected by and from the membership, each member has one vote in electing board members. Run by a paid board of directors, only investors have voting privileges.
Deposits are NCUA insured up to $250,000. The NCUA’s insurance fund is the healthiest of all federal deposit insurance funds. Deposits are FDIC insured up to $250,000.
Part of a worldwide support network, credit unions share ideas, information and resources. Most banks belong to state and national organizations but are usually reluctant to share ideas, information and resources with each other.
Your money stays local and supports the community. Can you say that about your bank?

Popular because of their outstanding member service, credit unions are recognized for their strong financial condition. The National Credit Union Administration, the federal fund that insures credit union deposits, continues to be the strongest deposit insurance fund in the country.

For more information on how to join TBA Credit Union call 231-946-7090.