What is a Credit Union?

 

  • Credit unions are not-for-profit, member-owned financial institutions.

  • All offer loans and savings accounts, and many provide access to checking accounts, ATM/debit cards, and many other financial services.

  • They are operated by a member-elected Board of Directors.

  • The Board receives no compensation.

  • Credit unions generally offer better rates and lower fees. 

  • Because of their cooperative form of ownership, credit unions of all sizes are exempt from taxation.
Interested in finding out more about the financial institutions that serve nearly 75 million Americans?  We've compiled a list of online resources to get you on your way!