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Membership Frequently Asked Questions – The More You Know
Credit Unions provide many of the same products and services as banks and other financial institutions. The big difference, however, is that unlike banks, credit unions are not-for-profit cooperatives. Our earnings are returned to our members in the form of higher yield on savings and investment accounts, lower interest rates on loans, low fee money management services and outstanding customer service. Most importantly, we are member-owned. If you join the credit union, then you own a share of it and are even given a say at the annual meeting. Below are some interesting facts about credit unions and how they operate.