Who We Are
Your Credit Union is a not-for-profit financial cooperative providing the best service to our most important assets
— our members.
What is a Credit Union?
A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church.
Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions, like other financial institutions, are closely regulated and operated in a very prudent manner. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000.00.
What makes a credit union different from a bank or savings & loan? Profits from banks and Savings & Loans are returned to the stockholders of the bank. Credit Unions return their profits back to their members in the form of higher paying dividends or lower lending rates.