5a05374e_Unions_vs__Banks___ErieFCU_org__Banks
[Credit Unions] Credit unions are federally insured by the National Credit Union Share Insurance Fund (NCUSIF) and operate on a pay-as-you-go system. [Banks] 
Banks are insured by the Federal Deposit Insurance Corporation and do not operate on a pay-as-you-go system.
Credit Unions vs. Banks | ErieFCU.org
Banks