The Advantage of Being Non-Profit

There’s a reason why Creighton Federal and all credit unions are not-for-profit businesses.

Remember a few years ago when a very large banking system was found to have opened millions of accounts in its account holders’ names without their permission or even knowing it had happened until the news broke? Those accounts were opened because of pressure from above to “make the numbers” in order to be more profitable.

Being not-for-profit pretty much eliminates anything like that from happening. And, if we’re not focused on being more profitable we must be trying to do something else. Like taking care of our members any and every way we can. Sound reasonable?

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