What is a Credit Union?

Credit unions are not-for-profit financial cooperatives. Unlike banks that are owned by shareholders, credit unions are owned by their members. By joining a cooperative community as owners, not customers, members earn dividends on their savings and borrow at lower interest rates-but higher returns and lower costs are only the tip of the credit union difference.

Credit unions value individual members.

They actively seek member feedback on product quality and service experience.

Credit unions offer dividends and competitive rates.

A portion of net earnings are returned to members.

Credit unions are financial literacy advocates.

They provide educational resources to help members become wiser financial service consumers—and wealthier.

Credit unions focus on personal service.

They provide higher product quality and greater service convenience, because the customers are also the owners.

Credit unions are part of a cooperative, global network.

Local credit unions share resources globally, providing their members with worldwide access to services and support.