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For Profit Vs Not For Profit

Wednesday, January 23, 2013 - 7:08 PM
If two businesses do pretty much the same thing, but one is for profit and the
other is not for profit, as a customer, should you automatically favor the one
not for profit?

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What about you? Are you weary of companies that make a profit from you?
3
cumuluscumulus335 posts since
Jan 16, 2010
Rep Points: 1,575
1. Thursday, January 24, 2013 - 4:42 AM
That's a good question in trying to decide between a credit union and a community bank. If they both appear to offer the same products, rates and services, should you pick a not-for-profit credit union over a for-profit community bank?

Having a member-elected board of directors at a credit union is suppose to make the credit union more responsive to member problems. However, I often wonder how much benefit that really is.
3
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
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