All Financial Institutions
are Not Alike
How We're Different
Credit unions are not-for-profit financial institutions owned by their members, rather than by shareholders.
Like banks, credit unions handle money and make loans. Look closer, though, and you’ll see meaningful differences in priorities and operations.
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Ownership
Ownership
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Where do profits go?
Where do profits go?
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Types of Products Offered
Types of Products Offered
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Financial Advocacy
Financial Advocacy
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Board of Directors
Board of Directors
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Pay Structure for Board
Pay Structure for Board
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Federal Account Insurance
Federal Account Insurance
Abilene Teachers Federal Credit Union
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Ownership
Owned by members
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Where do profits go?
Back to the members or to the community
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Types of Products Offered
Those that best meet the needs of the members
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Financial Advocacy
Advocate for members and their families
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Board of Directors
Elected by membership
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Pay Structure for Board
Unpaid volunteers
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Federal Account Insurance
Up to $250,000 by NCUA
Banks
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Ownership
Owned by shareholders
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Where do profits go?
To the shareholders
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Types of Products Offered
Those that maximize profits
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Financial Advocacy
Advocate for shareholders
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Board of Directors
Elected by shareholders
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Pay Structure for Board
Paid shareholders
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Federal Account Insurance
Up to $250,000 by FDIC
325-677-2274 – Call or Text
800-677-6770 – Calls Only