West Virginia credit unions are among the most secure financial institutions in the nation. Only one percent of credit union loans are for commercial purposes. One must be a part of a common bond that makes up the field of membership served by a credit union. However, many people qualify for credit union membership through their work, association, or community. Members have the power to direct credit union policy and even replace the board of directors if they choose.
Members elect a volunteer board of directors, which sets the policies of the credit union.
In small credit unions, the elected treasurer often acts as a manager while volunteers carry out the various functions of the organization. The credit union holds an annual membership meeting each year and each adult member, regardless of how much money he or she may have in the credit union, has one voice. A nationwide poll of personnel directors shows that employees rank their credit union as the benefit they appreciate most, along with hospitalization, vacation, and good working conditions. Credit unions can offer nearly all of the personal financial services your employees will ever need. Credit unions were organized to help people save money, and a regular savings plan is still the heart of credit union services.