Credit unions are unique financial organizations.
This uniqueness comes from their history and philosophy which provide for a cooperative source of credit and savings. Operating on a cooperative basis, credit unions pool their members' savings to lend them back to the members at rates equal to or better than rates available elsewhere. Each member of the credit union has a chance to voice opinions at the credit union's annual meeting. Also, each member has an equal say, regardless of the amount of funds on deposit at the credit union. St. Jean's Credit Union is a state-chartered credit union organized back in 1910.