| Is it a bank? No, but it provides you with financial services similar to banks - although better. When you go to your credit union, you're not a customer, you're an owner. Because it is a cooperative, your money goes to help your fellow members which allows the credit union to provide better services to you at a lower cost. As a member/owner, you vote for credit union officers and policies, and you have the right to become a director. Credit unions are independent organizations formed under state and federal law by a group of people who have something in common (fields of membership). If you fit into your local credit union's field of membership, you have the opportunity to join and become a member and an owner! |