Credit unions are non-profit, cooperative financial institutions owned by their members.
As a member of a credit union, you help elect volunteer directors and supervisory committees from within the credit union membership. Credit unions exist to provide a safe, convenient place for members to save and borrow at reasonable rates. Credit union charters are developed so that certain groups are serviced by specific credit unions. Groups serviced by credit unions typically revolve around employer, associations, and communities. Ask your employer's Human Resources Director, your association's membership secretary, or your neighborhood association if they are affiliated with a credit union.