Credit unions are non-profit, member-owned organizations dedicated to serving people rather than generating profit. As a result, they return all earnings to members via high-interest savings accounts and low-rate loans. Credit unions also have lower minimum balance requirements and fees compared to banks.

A credit union seeks to serve all members fairly and support the community with charitable donations. Each member has one vote, providing an equal voice in governance. The credit union is overseen by a volunteer board of directors who are elected by the members.