About Us | Credit Union

The main difference between credit unions and banks is ownership. Banks are owned by shareholders. The shareholders elect a paid board of directors that works to maximize shareholder return. In contrast, a credit union is a not-for-profit financial cooperative owned by its members. A credit union’s board is made up of unpaid volunteers from the membership, elected by members.

This system ensures better savings for the membership than typically available at banks, since a bank’s main priority is to maximize profits delivered to shareholders. However, any profits received by the credit union flow back to the membership in the form of lower loan rates, higher savings rates, and enhanced member services. Because our priority is, and always will be, you.