A National Comparison

HomeWhy WesterraHow We CompareA National Comparison

Consumers have many choices in the marketplace for financial services. The greatest difference between choosing a bank or a credit union is the not-for-profit local cooperative business structure that defines credit unions.  We hope all consumers will choose credit unions over banks—for their own financial advantage. 

Take a look at how how Westerra compares to banks in these critical areas:

 

Westerra

Wells Fargo

Chase

First Bank

Bank of America

Ownership

Members

Stockholders

Stockholders

Stockholders

Stockholders

Headquarters

Denver, Colorado

San Francisco, California

New York, New York

Lakewood, Colorado

Charlotte, North Carolina

ATM Network

30,000

13,000

15,500

200

16,000

Branch Network

5,000

8,700 worldwide

5,300

120

4,700

Comparing Banks and Credit Unions
  • Many people are surprised to learn that their bank headquarters is outside Colorado or even outside the United States.
  • People often think banks are more convenient with more  ATMs and branches, when in fact, credit unions have the nation’s third largest branch networkand the two largest ATM networks.
  • Credit unions use many of the same electronic banking service vendors that banks use, and in many cases have greater technology capabilities.
  • Many people who come to credit unions say they were driven away by a bank and their high fees or poor service. 
  • The volume and magnitude of lawsuits against large banks in recent years has generated a perception of greed among banks.
  • Many people do not know what a credit union is, or think they do not qualify to join a credit union. 
Credit Unions Believe More Can be Accomplished by Working Together. 
  • Many credit unions share their branches - through CO-OP Shared Branches, credit unions throughout Colorado, and across the US, make their branches available to members of other participating credit unions. 
  • The credit union CO-OP ATM Network is the second largest ATM network in the United States - with more than 1,000 free ATMs in Colorado and 50,000 nationwide. 
X