The CU Difference

Over 110 million Americans trust credit unions as an alternative to traditional banks. Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.

The Difference

 

Not-for-Profit

Credit unions operate to promote the well-being of their members. Profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates and lower loan rates.

 

Member-Owned

You are more than a member, you are part owner. Credit unions are owned and controlled by the people, or members, who use their services. Your vote counts. A volunteer board of directors is elected by members to manage a credit union.

 

Membership Eligibility

By current federal statute, credit unions cannot serve the general public. People qualify for a credit union membership through their employer, organizational affiliations like churches or social groups, or a community-chartered credit union.

 

Volunteer Boards

Each credit union is governed by a board of directors, elected by and from the credit union’s membership. Board members serve voluntarily.

 

Financial Education for Members

Credit Unions assist members to become better-educated consumers of financial services through seminars, digital resources, financial literally courses, etc.

 

Social Purpose

Credit unions exist to help people. Our goal is to serve all of our members well – every member counts. Our members know their credit union will be there for them in bad times, as well as good.

Happy Easter & Happy Passover to those who celebrate. UKRFCU is operating under normal hours of operation.