What is a Credit Union Anyway?

VSECU

March 15, 2019 | Giving and Alternative Banking, Resources

An in-depth look at what makes credit unions tick.

Download a PDF version of this infographic.

What is a Credit Union?

Credit unions are not for profit community-based financial institutions.

Democratically Controlled and Member-Owned
Used like a Bank, but Organized like a Cooperative
Governed by a Volunteer Board of Directors

How They Work:

Buy a Share in the Credit Union to Become a Member
Your Savings are Loaned to Other Members

Profits are Used to:

Reduce Fees and & Improve Interest Rates on Deposit Accounts
Educate the Membership
Donate to Community Organizations

Why People Love Them:

Driven by a Strong Social Mission
Value People Over Profit
Return Profits to Members and Communities

Make Change, Simply by Banking

As a VSECU member, you can do more with your money.

Become a Member

About VSECU

VSECU is a member-owned cooperative and not for profit credit union for everybody who lives or works in Vermont, offering a full range of affordable financial products and services to its member-owners. VSECU is committed to improving the lives of Vermonters by empowering possibilities for greater social, environmental, and financial prosperity.

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