Banks & Credit Unions

People often ask us how we differ from a traditional bank. 

It's simple, really. Banks are profit-driven investment vehicles for people and corporations other than the customers than they serve. Credit Unions are non-for-profit cooperatives owned & operated by the very people they serve.

BOND Community Federal Credit Union members enjoy tremendous access to their Personal & Business Checking accounts through Online Banking & Bill Pay, VISA© Debit Cards, 24hr Live Call Service with guaranteed no-hold times, thousands of Shared Branches, and more ATMs worldwide than even most big banks. Once you're a BOND member, you're always a member, no matter where you go.

Joining our credit union is easy, and there is no fee for membership; we simply require a small deposit of $50 into a special savings account called your Share Account. We also offer Youth Accounts that require only a $25 deposit to start.

Big Bank "I wanna know..." Credit Union
Private investors, share holders, & stock holders, none of whom are necessarily customers of the bank. who owns it? All members with funds on deposit in the credit union, and who actively use the credit union’s services.
Maximum profitability; banks have led in yearly profits for years, sharing the top spots with the oil industry. what’s its motive? Not for Profit, Not for Charity, But for Service. That's actually the recognized credit union credo. Sums it up nicely.
Yes, up to $250000 per account, by FDIC, a federal agency enacted in 1933 to regulate & insure banks is it insured? Yes, up to $250000 per account, by NCUA, a federal agency enacted in 1934 to regulate & insure credit unions.
FDIC uses tax money to cover bank losses; in fact, billions of tax dollars have been used by FDIC since its inception does it affect the taxpayer? NCUA never uses tax money to cover losses; credit unions fund their own insurance, costing taxpayers nothing.
A paid governing body that oversees banking operations. Board members are appointed by investors and are often rewarded for maximizing proft. They can hire &: fire the President/CEO. what is its Board of Directors? A volunteer unpaid governing body elected from amongst the membership by the very members they serve; it sets policies, oversees operations, and looks after the credit union and its members.