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	Why Join a Credit Union? Our members are all part-owners of our financial cooperative. And because we're not-for-profit, they earn higher savings rates, pay lower loan rates and appreciate eliminated or fewer service fees. Credit unions and banks offer many of the same products and services, however they differ in many ways. Here's how.
	First Northern Credit Union Local or National Banks Type of organization Not for profit, not for charity, but for service Generates profit for shareholders Who can join Anyone who lives or works in select Illinois counties or who works for select employee groups Anyone Who owns it Members Shareholders Board of Directors Unpaid volunteers Paid shareholders Fees Typically, we have fewer and lower fees than those of banks Fees generally account for one-third of banks' total profits Income Goes To Members Shareholders Interactions With Like Financial Institutions Cooperative Competitive Deposits Insured By NCUA (National Credit Union Administration) ESI (Excess Share Insurance) FDIC (Federal Deposit Insurance Corporation)