He said the credit union's mission is to improve the financial well-being of members. What we want to do is offer credit union services to more and more people. Credit unions are financial institutions, much like banks, except they are member rather than stockholder owned. And they are tax exempt. As a result, they often are able to pay slightly higher rates on savings accounts and offer lower terms on car, boat and personal loans and home mortgages.
Some credit unions offer mortgage life insurance of some form to members as an incentive.
They also offer members financial education programs. We have a tremendous member satisfaction rate. And once members know that their neighbors and friends can join, we're anticipating a lot of growth. The Ohio Department of Commerce last month gave Day Air permission to expand into eight cities in Montgomery County. Burke said those cities were chosen because that primarily is where most current members reside.