What’s the difference between a credit union and a bank?

You are here:
< Back

Credit unions are not-for-profit financial cooperatives, meaning resources and earnings are pooled and paid back to members in the form of higher savings rates and lower loan rates. Banks are for-profit corporations, meaning declared earnings are paid to stockholders only.

By pooling our resources—or crowdsourcing—Verve is able to provide personalized attention to help our members succeed financially, as well as drive more innovation and improve the member experience.