WILMINGTON, Del. (12/28/07)--Credit unions “keep a brake on banks,” according to an article published by a Delaware newspaper commenting on the ongoing debate between banks and credit unions. Credit unions offer their members lower fees and better returns on savings than banks, the article said (Gannett News Service Dec. 27). Banks would raise their fees even more if credit unions didn’t exist, Ed Mierzwinski, consumer program director for the U.S. Public Interest Research Group told the newspaper. Banks argue that credit unions have abandoned their original mission and should be taxed. But unlike banks, credit unions do not have shareholders and are not for profit. Credit unions also use their earnings to pay dividends to members, the newspaper stated. Credit unions are owned by members and are run by a board of directors made up of volunteers from the credit union’s membership. It’s a different atmosphere, said Patrick Mahaney, president/CEO of the Delaware Credit Union League.