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- A credit union is a not-for-profit cooperative wholly owned and controlled by the people who belong. These people are called members.
- Credit unions serve groups that share something in common, such as where they live, work or worship.
- Credit unions are closely regulated and operate in a very prudent manner. The National Credit Union Administration (NCUA) is a federal government agency that insures member deposits and regulates the operation of the credit union.
- Credit unions are operated under the guidance of the board of directors made up of uncompensated volunteers.
- Credit unions provide a safe, convenient place for members to save money and to get loans at reasonable rates.
- Credit unions offer a wide variety of financial products and services.
- As a credit union member, you get to elect the board of directors at the annual meeting.
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