Page 5 - Michigan Credit Union League: 2018 CRI Report

2018 Community Reinvestment Report

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The Credit Union Difference

Credit unions have a cooperative a social mission that extends past literacy and fundraise for fellow
structure; members are also financial transactions. The credit community organizations.
owners. This is an important union difference is an industry-
distinction between credit unions wide mission to create value for Instead of focusing on maximizing
and banks. But what does it mean? the member, the community and profit, credit unions exist to help
How does a cooperatively-owned the financial institution. people. That is the credit union
financial institution impact difference.
members and communities Because of this mission, credit
differently than a bank? unions have an intense presence
in the community, investing in its
While credit unions provide a current and future welfare. This
wide array of financial products takes shape through community
and services, such as deposits collaborations that aim to enhance
and loans, we pride ourselves on relationships, spread financial

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