What is the difference between a credit union and a bank?

A credit union is a not-for-profit financial cooperative. We're unique in that, unlike a bank, we are mutually owned and governed by the members we serve. Loyalty not to profits but to members empowers Ascend to offer benefits others can't, including fewer fees, lower loan rates, and higher savings rates. And our guiding principle of "People Helping People" translates to a level of personal service you won't experience anywhere else.