A federal credit union is member-owned and controlled through the election of a board of directors drawn from membership.
Board members serve on a volunteer basis.
Federal credit unions have been serving the nation's consumers for 67 years. Membership in federal credit unions is not open to the general public. Instead, it is limited to persons sharing a common bond of occupation, community or association. To join a credit union, a potential member must be first eligible under the common bond provisions, and submit a membership application.