What makes Nebraska Energy Federal Credit Union different from a bank?
|Nebraska Energy Federal Credit Union
Cooperative, not-for-profit financial institution operating to promote thrift and provide credit to our members.
|Business oriented. Operates to generate a profit for outside shareholders by providing banking services for customers.
|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.
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.
|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).