What is a Credit Union?

A Credit Union is a not-for-profit financial institution run for the benefit of its members. Credit Unions are member owned. Most of the earnings of a credit union, after expenses and reserves, are returned to members in the form of high dividends on savings, low cost loans and low cost services.

Another Credit Union difference is the volunteers who give time and talent to assure the success of our people-helping-people business. The credit union benefits from volunteers having experience, background, and diversity reflecting the whole membership. Volunteer skills also contribute to the traditionally low operating costs of credit unions, compared with banks and other for-profit financial institutions.

The board of directors of the credit union serves without pay. These dedicated volunteers bring decades of personal and professional experience to their deliberations in the policy-making body of the credit union--experience that often is beyond monetary price.

The same is true of the many members who serve on committees controlling the records and safeguards, credit policies, personnel and other important facets of the credit union's operation.

Credit union volunteers prove in practice the credit union principle that, working together, people can achieve a better way of life for all.