Young woman comparing a ripe apple to a ripe orange
How We're Different

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.

  • Ownership

    Ownership

  • Where do profits go?

    Where do profits go?

  • Types of Products Offered

    Types of Products Offered

  • Financial Advocacy

    Financial Advocacy

  • Board of Directors

    Board of Directors

  • Pay Structure for Board

    Pay Structure for Board

  • Federal Account Insurance

    Federal Account Insurance

Abilene Teachers Federal Credit Union

  • Ownership

    Owned by members

  • Where do profits go?

    Back to the members or to the community

  • Types of Products Offered

    Those that best meet the needs of the members

  • Financial Advocacy

    Advocate for members and their families

  • Board of Directors

    Elected by membership

  • Pay Structure for Board

    Unpaid volunteers

  • Federal Account Insurance

    Up to $250,000 by NCUA

Banks

  • Ownership

    Owned by shareholders

  • Where do profits go?

    To the shareholders

  • Types of Products Offered

    Those that maximize profits

  • Financial Advocacy

    Advocate for shareholders

  • Board of Directors

    Elected by shareholders

  • Pay Structure for Board

    Paid shareholders

  • Federal Account Insurance

    Up to $250,000 by FDIC

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325-677-2274 – Call or Text

800-677-6770 – Calls Only