Credit unions are not-for-profit organizations that exist to serve their members, not maximize corporate profits.
Like banks, they accept deposits and make loans.
Best part? Fees and loan rates are generally lower, savings interest rates are generally higher, and surplus income is returned to the members in the form of dividends on savings and certificates.
As a credit union member, you are a credit union owner and allowed to vote for the credit union’s leadership or volunteer to become a credit union leader yourself.
Credit unions serve and reward their members not stockholders in some big city.