Most people today are willing to pay a fair price for services received.
Financial institutions are in a service industry where there are certain fixed operating costs.
The motto of the credit union industry is not for profit, not for charity, but for service. If credit unions are to provide the services of processing checks, collecting checks, bookkeeping, preparation, mailing of statements, and all other work related to checking and other credit union accounts, a fair price must be charged for certain extra services. We at Cyprus Credit Union feel our service charges are fair and equitable for all concerned. We want to provide the best possible service at the lowest possible price. The credit union stays in business by working in the best interest of all members.