CU members vote for their Board of Directors. Board members are appointed. CU's only make loans to CU members. Loan to most everybody. Excess earnings are returned to all CU members in the form of better rates and lower fees.
Profits only go to stockholders.
Being a joint owner does not mean you are a member. All members have a savings account in their own name. Occasionally there will be introductory rates or special offers that are lower. In most cases, MDCU rates are very competitive. Copyright 1999 Martinsville DuPont Credit Union.