SchoolsFirst FCU is a not-for-profit financial cooperative owned by its members. When someone becomes a credit union member, they become a part-owner and have a say in how the credit union is run. The members elect a volunteer Board of Directors to oversee the credit union's operations, set its strategic direction, and ensure that it meets its members' needs. This cooperative ownership structure is a key feature of credit unions, and it allows them to focus on serving their members' best interests rather than maximizing profits for shareholders.