Credit unions offer the same products and services as banks. The only difference between a bank and a credit union is that a bank is a publicly held company where share holders can invest in the bank and expect to get a return on their investment. A credit union’s shareholders are its members. The benefits credit union shareholders enjoy are low interest rate loans, high interest rates offered on deposits and investments and fewer or no fees.

Credit unions, like other financial institutions, are closely regulated. The National Credit Union Administration (NCUA) is the federal agency that regulates credit unions. Member’s accounts at Riverfront are federally insured up to at least $250,000 and backed by the full faith and credit of the United States Government through the National Credit Union Administration.