A credit union is a group of people with a permit to do business with each other. A business of saving their money in a common fund, and of making loans to the members from that fund. While big bank chains often cater to their customers that are most profitable, the credit union philosophy has always been one of equality and personal service.

• A Credit Union is not a credit bureau
• A Credit Union is not a labor union
• A Credit Union is not a loan company nor a finance house
• A Credit Union is a group of people who have joined forces and cooperated to manage their own money. It is a cooperative!

Its basic objectives are to teach and encourage thrift among members and, through their combined savings, extend to members low cost credit for any worthwhile purpose.