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As financial cooperatives, credit unions function as economic democracies. Every customer is both a member and an owner. Each member has the opportunity to vote in electing board members and members also run for election to the board. A credit union’s board of directors consists of unpaid volunteers, elected by and from the membership – everyday people like you.

Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to members in the form of lower loan rates, higher interest on deposits, and lower fees. Board members serve voluntarily. Speaking of volunteering, the credit union “People Helping People” philosophy motivates credit unions to get involved in countless community charitable activities and worthwhile causes.

A credit union’s goal is to serve all members well, including those of modest means - every member counts. Credit unions exist solely for this reason, not to make a profit. Members know their credit union will be there for them in challenging times, as well as good – which is the reason why members are so fiercely loyal.