What is a Credit Union?
Decisions are made for and by members, who elect a volunteer board of directors.
Credit unions were created to promote the well-being of their members and the profits made by them are returned back to the members with higher savings rates.
Lower Rates and Fees
The not-for-profit structure of credit unions also means members may benefit with lower loan rates and fewer fees.
Credit unions have a shared field of membership, such as a location or employment group, and are dedicated to giving back to the communities in which they serve.