Who are Credit Unions?
Member-owned and controlled
Credit Unions are owned by their members and are managed by member-elected volunteer board of directors.
Not-for-profit status
Prioritize the well-being of their members. Profits are returned to members in the form of reduced fees, higher savings rates, and lower loan rates.
Field of Membership
Members of a credit union share a common bond, and they may join based on Employment, Family, Geographical Location, Common Group, etc.
Community Involvement
Members often have shared interests and participate in activities and projects designed to help other members.
Cooperative
The cooperative structure of credit unions creates a cycle of mutual assistance toward the common goal of the financial well-being of members.
Attractive rates and services
Credit unions offer higher savings rates, lower loan rates, charge lower fees, require lower balance, and offer tailored services to their members.
