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A credit union is a not-for-profit financial institution run for the benefit of its members. Credit unions are member-owned and return earnings to its members in the form of higher dividends, lower loan rates, less fees and /or better financial services for its members.
This is the distinct difference between a credit union and a bank. While banks are generally owned by a select group of stockholders, credit unions are owned and operated by its MEMBERS! A board of directors is appointed by the general membership to oversee management operations.
Your credit union is very progressive and offers a wide variety of products and services designed to meet your financial needs. All accounts are insured by the National Credit Union Administration (NCUA) up to $100,000.
Thousands of credit unions exist worldwide for the purpose of serving their member-owners.
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