What makes Nebraska Energy Federal Credit Union different from a bank?
| Nebraska Energy Federal Credit Union | Banks | |
|---|---|---|
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Our Mission
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Cooperative, not-for-profit financial institution operating to promote thrift and provide credit to our members.
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Business oriented. Operates to generate a profit for outside shareholders by providing banking services for customers. |
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Leadership
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Governed by a nine-member board of directors. These individuals volunteer their service and are elected by our members. |
Paid board or directors elected by shareholders.
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Rates and Fees |
Typically offer higher rates on deposits, lower rates on loans. Assess fewer fees and charge less. |
Often offer less competitive rates on deposits and loans.
Charge higher/additional fees.
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Security |
Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA) . |
Deposits insured up to $250,000 by the
Federal Deposit Insurance Corporation (FDIC). |
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