Membership Membership is Ownership M embers own their credit union.
People join a credit union by establishing share accounts for their savings.
Annually, the credit union membership elects individuals from its own ranks who have agreed to serve designated terms as members of the board of directors. It is these fellow members of your credit union who exercise general control of the credit union's activities for the benefit of the entire membership. T his unique method of electing members of the credit union to serve on its board of directors ensures that there is a cross section of the views and financial aspirations of the vast majority of the members. As a result, board decisions generally reflect quite closely the interests of the membership as a whole. Like all other volunteers, the members of the board of directors receive no compensation for their services.