What is a Credit Union


  • Credit unions are uniquely different and are extremely popular financial alternative for 87 million Americans.
  • A credit union is full-service, not-for-profit financial cooperative formed by an organized group of people with a common bond. Credit unions are owned by their members. As a member of your credit union, you have a say in how your financial institution is operated. Members vote for the volunteer board of directors and supervisory committee members, and are also eligible to run for these positions.
  • Credit unions return their earnings to members in the form of better saving and loan rates, lower fees, and improved services.

Your funds are safe and secure.

Credit unions are federally insured by the National Credit Union Administration (NCUA) an agency of the federal government. Your individual accounts are federally insured up to $250,000, this includes regular share (savings), checking, money market and certificates. Your Individual Retirement Accounts (IRAs) are insured for an additional $250,000.