This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Credit unions are owned and controlled by their members. Member-elected volunteer board of directors manage credit unions.
Limited accessibility: Credit unions are often regionally based, and their physical branches and ATM networks may be less extensive than those of larger banks. While many offer online banking, smaller credit unions may not provide the same level of nationwide or international service.
Credit unions are not-for-profit, member-owned organizations and regularly pool resources to provide better services for members. And, credit unions return profits back to members through: Products. Services.
A credit union is a financial co-operative which provides savings, loans and a range of services to its members. It is owned and controlled by the members. Each member has one vote and volunteer directors are elected from the membership, by the membership.
A credit union doesn't operate in that manner. Rather, each credit union member owns one "share" of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.