The Credit Union Difference


Credit unions are not-for-profit financial cooperatives that exist to serve their members. Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to their members in the form of lower loan rates, higher interest on deposits, lower fees, and loyalty dividends.

A credit union is owned and controlled by the members who use their services. Every member has the right to vote on policies and for members of the credit union board. The majority of credit union boards, like ours, are made up of volunteer members.

A credit union puts its own money to good use when it comes to helping members. That means when one member makes a deposit, it ultimately helps another member secure a loan for his or her home, vehicle or business. Since there are no outside stockholders or investors, it means your business with Fort Bragg Federal Credit Union is helping other Fort Bragg Federal Credit Union members and your local community. It’s the philosophy of people helping people.

Thank you for being part of the credit union difference!