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A Credit Union is a non-profit financial cooperative, owned exclusively by its members, designed to pool savings to create a source of credit at reasonable rates. While providing maximum service at minimum cost, the Credit Union returns all net income to members through increased services, higher dividends and lower loan rates.
Our programs and services are determined by a volunteer Board of Directors elected by the membership. With the members in mind – rather than shareholders as in other financial service providers – these volunteers set lending, savings and organizational policy. The Board of Directors and numerous members serving on vital committees volunteer their time for the continued success of their Credit Union.
A credit union is you!
Credit Unions Vs. Banks
This is a clip that aired on the CBS Early Show December 17, 2009. It details some of the differences between Credit Unions and Banks.
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