BUFFALO, N.Y. (5/5/09)--Many consumers prefer credit unions to banks, according to The Buffalo News (May 4), which says attractive rates and friendly service are helping credit unions to grow. The article explains credit unions' history. In it, Patrick Keefe, vice president of communications at the Credit Union National Association, explains the structure and philosophy of credit unions. "Every saver in the credit unions owns the credit union, and it doesn't matter the amount they have in a credit union. Everybody has an equal share," Keefe told the publication. "Credit unions are democratically elected, volunteer-led, cooperatively owned and not-for-profit," Keefe noted. "That doesn't mean that credit unions do no realize a net return after paying all their bills. The real difference is a bank exists to maximize profit for shareholders. Credit unions exist to maximize service for members." The article makes mention of area credit unions such as Buffalo Metropolitan FCU, Buffalo Postal Community FCU, St. John Buffalo FCU, Cornerstorne Community FCU, and Kenmore N.Y. Teachers FCU. The newspaper article also discusses credit unions' focus on members, their difference from banks and the fact that credit unions are gaining momentum by improving their accessibility. For the entire article, use the link.