Unlike other financial institutions, which are governed by and accountable to stockholders, a credit union is owned by and accountable to its members. Its motive is not for profit, but for service and return to its members. The credit union concept was developed in the 1800s in Germany. It eventually found its way to the United States in the early 1900s. Our Board of Directors is elected from our membership and serves in a volunteer capacity. This is one example of how a credit union differs from other financial institutions.

Unlike other financial institutions, which are governed by and accountable to stockholders, a credit union is owned by and accountable to its members. Its motive is not for profit, but for service and return to its members. The credit union concept was developed in the 1800s in Germany. It eventually found its way to the United States in the early 1900s. Our Board of Directors is elected from our membership and serves in a volunteer capacity. This is one example of how a credit union differs from other financial institutions.