In 1852 the first credit union was opened to provide the members who belong honest financial services and fair access to loans by pooling together the member’s deposits and loaning to each other. Even though credit union membership is restricted to people who share a common characteristic; whether it be location, place of employment, or affiliation, this mission created a cooperative effort among credit unions to work together to provide services to all credit union members.
This mission is what established credit unions to be not-for-profit as profits are returned to the members in the form of more competitive rates, reasonable fees, and shared access.
Unfortunately, the credit union movement is being threatened by the for-profit banking industry. This section provides you with access and resources to help keep credit unions alive and not-for-profit. This enables us to continue making decisions in the best interest of our members as opposed to our stockholders.