You want a lot from life. You have goals, you
have dreams, and you have plans. Your Credit
Union can help you make good financial
decisions, decisions that will put you on the
road toward the place you want to be.
Earn
dividends on balances greater than $5. Youth savings accounts
let kids
learn the basics of saving at a young age. This
savings account is a great tool to teach kids
about real-world financial skills.
People who are members of credit union are also
owners of that credit union. That's why each
member is also called a "member-owner."
Okay, that doesn't mean you can go to the credit
union and run around or use all of the supplies.
It does mean that you can vote for the Board of
Directors — and actually help decide what things
will be like at your credit union. (But you have
to be at least 18 years old to vote.)
Board of Directors - organized body that
controls or governs the affairs of an
institution or association.
Credit unions exist only to serve their
member-owners.
Members have the power to guide a credit union's
course of action and, if they aren't happy with
what is done, the members can even replace the
board of directors.
A
credit union is a place that helps people save
money. A
credit union offers "a fair return" or a fair
interest rate on the money that people save
there. People
who save their money at a credit union are
called members of that credit union. A
credit union is owned by the people who save
their money there…so the members are also called
owners. A
member can get a loan from the credit union. The
members pay interest on the loan, but the
interest is usually less than people pay at
other financial institutions. (A loan is money
that's lent at interest - which means you pay
extra to borrow it.) A
credit union is a nonprofit financial
institution. That means a credit union is not in
business to make money. This helps credit unions
to have less costs than many for-profit
institutions. It also means that they can help
their members save and earn money.
Earn
dividends on balances greater than $5. 
