For every step of the way to our refinancing, they were responsive and their instructions were…. Many convenient locations, check out web site …. Advertise with Us. Dominion Cu Banks Credit Unions. Website Directions Services More Info. Find a location. KL Loan Lending was incredibly easy to work with. Apply Now. Banks are for-profit, while Credit Unions are not-for-profit. Credit unions not-for-profit status means that their earnings are returned to members in the form of lower interest rates on loans and higher interest rates on savings accounts, focusing on the well-being of the members.
Banks being for-profit, means that their primary role is to generate a profit for their shareholders. Credit unions have members and are owned and operated by these members. Essentially, credit union members are both customers and owners. Banks have customers and shareholders.
The customers have no ownership rights. Instead, ownership falls to the shareholders. Credit unions offer the same level of security for your money as banks but are more community-based than they are national. Contact us today.
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