Officers and directors are chosen from the membership and serve on a voluntary basis. Once you join you not only become a member of the credit union but part of a national financial system. This fund is backed by the good faith of the United States and is administered by the National Credit Union Administration, an instrumentality of the federal government. Some credit unions serve only one group, while others may serve a variety of groups. A group might be the employees of a business.
Some credit unions serve the residents of a particular community.
Another way credit unions spread the benefits of membership is through family membership. In most cases, family members of a credit union member are eligible to join that credit union as well. Review the Home Page of CUNA, the United States confederation of credit unions headquartered in Washington D.C., and Madison, Wisconsin. Look at the listing of other State's Credit Union Leagues Check with the personnel department where you work, or ask a fellow employee. If associated with another organization such as a labor union or church, ask fellow members about credit union eligibility.