CCNCU

Credit unions are non-for-profit financial cooperatives serving members who share something in common-employment, association membership, or residence in a particular geographic area. More than 135 million U.S. consumers are member-owners of, and receive all or part of their financial services from, the nation's 4,700 credit unions... Credit unions are democratically owned and controlled institutions based on ‘people helping people' principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends in savings, lower loan rates and lower cost services.

Also known as: Cooperative Choice Network Credit Union

Primary location: Springfield United States