- MEMBER ENGAGEMENT
Questions about membership or how to connect with colleagues? We have answers!
The credit union movement began with a simple idea – that people could achieve a better standard of living for themselves and others by pooling their savings and making loans to neighbors and co-workers. The credit union philosophy is “Not for Profit, Not for Charity, But for Service.”
Credit unions offer all the same products as banks, but we do not have any outside shareholders. Instead, our members are our shareholders. That means our profits are reinvested in you, allowing you to enjoy better rates and service. Credit unions offer special advantages:
Credit unions are safe and sound places to bank. Every credit union is regulated and examined consistently by the National Credit Union Administration (NCUA) - the U.S. government agency - or a state credit union government agency, ensuring the safety and soundness of its operations. And, just like the FDIC, the NCUA insures credit union deposits up to at least $250,000.
We are thriving today, with more than 124 million members across the country. For more information about credit unions, and to find the one that’s right for you, visit America's Credit Unions.
It’s easy to join the 124 million Americans already enjoying the benefits of membership. Credit unions are open to a wide range of people. Whether membership is community based, affiliated with an employee group, church or school, more people than you think can join and enjoy the benefits of a credit union. Plus, many credit unions are open to immediate family of qualifying members. Find the right credit union for you.
While we offer all the same products as banks, there is one major difference between credit unions and other financial institutions – our members are our owners. This means profits are reinvested in the member in the form of better rates on all accounts.
Credit unions offer a wide array of services, each designed to meet the needs of our members. Each credit union is a little different, based on the specific needs of its members. Some may offer deposits and loans, while others offer all the same services as other financial institutions.