The Better Way to Bank®

About 1st Financial

The Credit Union Difference

There is a Better Way to Bank Discover the Credit Union Difference

Credit Unions Banks
Credit unions have members, not customers. Everyone with an account has a share of ownership in the credit union. Therefore, you are actually an owner of your credit union and not just another account number. Banks have owners, usually a group of investors. Banks exist to make a profit for their owners.
Credit unions are democratically controlled. We are run by a volunteer board of directors elected from the membership – people like you. Every member has a vote in how the credit union is operated. Every member is invited to the Annual Meeting. Banks are run by their investors, who have the sole voice in how things are done.
Credit unions are not-for-profit organizations. After expenses are paid and reserves set aside, all money surpluses are returned to the members in the form of higher dividends on deposits and lower loan interest rates. Credit union members average higher savings year after year thanks, in part, to lower rates on loans and higher yields on deposit accounts. At banks, only investors see a share of the profits.
Credit unions serve only certain groups of members, such as those working for a particular employer or living in the same neighborhood. This specialization allows credit unions to focus on the needs of a certain special group of people. Anyone may open an account at any bank. Customers sometimes become lost in the shuffle or "just another number."
For over 40 years, 1st Financial has provided members with a lifetime of dependable financial products and services. No matter what stage of life you are in, our purpose is to help you achieve your financial goals. Whether you are a first time home buyer or seeking a comfortable retirement plan, your credit union is your best source for achieving your financial dreams.
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