INCLEMENT WEATHER UPDATE FOR THURSDAY, JANUARY, 29, 2026: To ensure the safety of our staff and members, our banking centers will be open from 10:00A - 3:30P. Please check back for further updates as this information may change based on changing weather conditions. Account information can be accessed at anytime through online and mobile banking or by contacting our call center during normal business hours. If you need immediate assistance please send us a message via online or mobile banking or call us at 901.380.7400. 

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Credit Union Difference

The Credit Union Difference

Why would I want to bank with a Credit Union? 

Credit Unions are member-owned not-for-profit financial cooperatives that exist to serve their members. They can offer you many of the same products and services as a bank, but there are some key differences. The chart below explains how banking with a credit union can offer you distinct advantages.

Credit Unions:

Banks:
Are owned equally by their members  Are owned by their stockholders 
Return earnings to their members in the forms of lower loan rates, lower fees and higher yields on savings  Return earnings only to the stockholders
Are not-for-profit Are profit-driven
Are governed by a volunteer board that is elected by the membership Are governed by a compensated board that is comprised of majority stock holders 
Are federally insured by the NCUA (National Credit Union Administration) or a private insurer Are federally insured by the FDIC (Federal Deposit Insurance Fund) 
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