About Us

The Credit Union Difference

The Credit Union philosophy is People Helping People. Credit unions are not-for-profit cooperatives providing financial services to their member-owners who save and borrow there. They exist solely to serve these members, with no stockholders. Credit unions operate not for profit, not for charity, but for service.

Ownership

Credit unions are owned by the members who use and benefit from their services. The members of a credit union usually share a common bond, such as a membership in a church, community, city, or neighborhood.


Governance

Credit unions are governed by a volunteer board of directors who are elected by and from among the members of the credit union. Although the Directors serve as volunteers, they are required to go through annual training to ensure that they are aware of regulatory and compliance requirements.


Not-For-Profit

Unlike for-profit banks and other financial service providers, your credit union is not driven by the profit concerns of a small group of stock-holders. Instead, the profits of the credit union are returned to ALL members in the form of higher dividends, lower loan rates and lower fees.


Tax-Exempt

Credit Unions are tax-exempt. The benefits of this status as a not-for-profit cooperative are returned to members in the form of higher dividends on savings and lower fees and loan rates.