Credit Unions are Member Owned!
Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn’t operate in that manner. Rather, each credit union member owns one “share” of the organization. The user of credit union services is also an owner and member of the credit union. Each member is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.
Posted in: General FAQs