A credit union is a non-profit financial organization owned and operated by its members for the benefit of all who belong - and founded on the philosophies of "people helping people" and “not for profit, but for service.” Unlike some financial institutions, our volunteer Board of Directors are member-owners, who work in the best interest of other fellow member-owners. Without shareholders to pay, profits are returned to members in the form of lower loan rates, low or no-fee products and services, and higher savings rates. At a bank, the only people who benefit from profits are the investors.

Members at a credit union are member-owners because his or her deposit represents a share of ownership; however at a bank, the owners are typically small groups of investors. Credit union members are united by a common bond of membership. Through this cooperative effort, members typically enjoy greater access to free or discounted services, higher savings rates and lower loan rates as compared to most for-profit financial institutions.

Credit unions are insured by the National Credit Union Administration (NCUA), a U.S. government agency for deposits up to $100,000. For more information on the NCUA click here.