Despite what bankers might claim, we are not here to enrich an outside group of stockholders like they are. Also, most of our credit unions are small businesses with volunteer board members and sometimes volunteer workers. If a credit union has a fancy building, which is the minority, then it's because the members want it. Our shareholders mirror their members. Large organizations have officers and managers that must be paid.
Credit unions return lots of money to their members in lower interest rates.
We offer mortgage lending for one and one-half percent interest. All credit unions care about is helping people get affordable loans and excellent rates. That's where our profits go. Instead of being afraid of what's happening in Wisconsin, the rest of the country should be hoping it comes to them. And, they say a member's desire to repay is considered just as important as their on-paper financial ability to repay.