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- Dump Your Big Bank for a Credit Union
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A credit union is a member-owned financial cooperative. Unlike commercial banks, credit unions exist solely to provide services for their member-owners. Rather than maximizing profits to generate wealth for their shareholders, credit unions are nonprofit organizations, required by law to reinvest revenue back into the credit union itself. That means that instead of gambling your money on environmentally destructive and financially risky fossil fuel projects, a credit union uses your deposits to improve banking services, interest rates, and financial opportunities for you and your fellow member-owners.
Credit unions are a perfect option for anyone looking to divest their personal accounts from the big banks. Most credit unions offer all of the services that are available from their for-profit counterparts, from checking, savings, and credit card accounts to loans and mortgages to investment management.