Loans — Credit Unions

: Because they are not driven by profit maximization for shareholders, they often offer lower interest rates on loans and higher yields on savings. 2. Specialized Loan Products

: Every borrower is also an owner of the institution, having a vote in its democratic governance regardless of their account balance. loans credit unions

Credit unions adapt their services to meet the specific needs of their "common bond"—the shared trait (like location or employer) that defines their membership. : Because they are not driven by profit