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Credit Union structure

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How we differ from banks and other financial institutions.

#1 Clientele
Members share a common bond, such as where they live, work, or worship. Credit unions combine service to their constituents with service to a broader population, allowing credit unions to offer competitive rates and fees.

#2 Governance
Credit union members elect a board of directors from their membership. Members each have one vote in board elections, regardless of their savings or shares in the credit union.

#3 Earnings
Net income is applied first to adequacy requirements. Compared to stockholder capital, member-owned capital allows the credit union to manage surplus to lower interest rates on loans, higher interest on savings, or new product and service development.