How is a credit union different than a bank? credit unions room not-for-profit establishments that exist to serve their members. Like banks, credit unions accept deposits, do loans and carry out a wide array of other financial services. But as member-owned and also cooperative institutions, credit transaction unions administer a safe place to save and borrow in ~ reasonable rates.


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Member-Owned

YOU ARE more THAN A MEMBER,YOU ARE part OWNER.

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Credit unions room owned and also controlled through the people, or members, who use their services.

Your vote counts. A volunteer board of director is chosen by members to manage a credit transaction union.


NOT-FOR-PROFIT

Credit unions operate to encourage the wellness of their members.

Profits make by credit transaction unions room returned back to members in the form of diminished fees, greater savings rates and lower loan rates.


Membership

Members of a credit union share a common bond, likewise known together the credit union’s “field that membership.”

You may have the ability to join based upon your:


Many credit transaction unions serve anyone that lives, works, worships or attends institution in a particular geographic area.


Membership in a group, such as a location of worship, school, job union or homeowners" association may qualify you come join.


CommunityInvolvement

Members regularly have shared interests and also appreciate participating in an institution designed to aid other members.

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Credit unions may provide:

jae won education and outreach to consumers; in-school credit transaction union branches; and small business needs.

The participating structure of credit transaction unions creates a cycle of mutual help towards the typical goal that the financial wellness of members.