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The Credit Union Difference


Credit unions are financial cooperatives that have a non-profit structure and exist to serve their members. Unlike many for-profit financial institutions, credit unions do not issue stock or distribute dividends to shareholders. Instead, they use their earnings to benefit members in various ways, such as offering lower loan rates, higher interest on deposits, reduced fees, and loyalty dividends. Additionally, credit unions utilize their resources to support other members in a positive manner. For instance, when a member makes a deposit, it indirectly helps other members in securing loans for purposes like buying a home, or vehicle, or starting a business. This embodies the philosophy of people helping people, as one member's contribution aids other members and the local community.

Thank you for being a part of the credit union difference!

 

“I am always so satisfied with the service. I’m glad to be a part of FLFCU and I highly recommend my Credit Union!

- Claudia R.