Kansas Credit Unions
For People. Not Profit.
Credit unions are not-for-profit financial institutions, owned by Kansans like you.
Credit unions are different than other financial institutions. We aren't out to turn a profit off of you and your family. Instead, credit unions are focused on helping you strengthen your financial security and keeping your money right here here at home - where it belongs, driving our local economy. That's because credit unions don't answer to out-of-state stockholders. We answer to you.
The Credit Union Advantage.
You get to keep more of your own money.
We believe you should get to keep more of your own money. With a credit union, there’s no “middle man” trying to profit off you and your family. Instead, credit unions give the profits back to their members. Last year alone, we returned more than $132 million to Kansans through lower loan rates, a better return on savings and direct dividends.
Your money stays right here at home in Kansas.
With a credit union, you can be sure your money stays right here in Kansas, driving our local economy and strengthening the middle class – instead of padding the pockets of stockholders. You can count on credit unions to provide affordable services that are based on what’s best for the consumer instead of what’s best for Wall Street investors.
You have a say in how things are run.
More than 700,000 Kansans belong to a credit union because they want a financial institution that answers to them. Credit unions are operated “by the people, for the people.” We’re governed by a volunteer board of directors, every member gets an equal vote, and every member receives his or her fair share of the profits.
What’s the difference?
Not-for-Profit Credit Unions
Not-for-profit financial cooperatives, like agricultural and electric coops
Governed by their members - each member has an equal vote and receives their fair share of the profits
Unpaid volunteer board of directors elected by and from the membership
Prohibited from raising outside capital or having investors
Locally owned & operated by their members
Profits are returned to the members and stay in the community
For-Profit Banks
For-Profit corporations
Governed by a board of directors - customers do not have a say
Paid board of directors that benefits from the bank's profits
Can raise outside capital from outside sources, like out-of-state and Wall Street investors
Most of the Top 25 banks operating in Kansas are headquartered out-of-state
Profits are shipped out to the bank's stockholders who may or may not live in the community
Credit unions advance the lives of Americans through good times and bad. No matter what life brings, America’s credit unions have always been there to help strengthen the financial lives of individuals, families, and businesses across our nation. Read more
The Latest News.
Credit unions keep money here at home.
The majority of funds in your credit union stay within your community. Quite literally when you bank with your local credit union you are supporting your neighbors. Your dollars can become someone's college degree or a loan for a family's first home.
Dave Ramsey speaks to credit union difference.
Credit unions, with whatever “profits” are made, put that money right back into creating cheaper checking accounts, better interest rates on loans or higher interest rates on savings. A bank could do the same thing if it were willing to make less profit.
Do as Ronald Reagan did and free credit unions.
I am often first in line to defend banks when they put forth legitimate grievances against wrongheaded policies such as Dodd-Frank (which hit credit unions hard as well). I must part company, however, when banks seek to squelch competition from credit unions for borrowers and depositors.