History A credit union is a cooperative organized to serve a specific group of people rather than the general public. It allows members to pool their resources for their common benefit. Banks are owned by investors, but credit union members truly own their own institution. Thus members can take advantage of better savings and loan rates and pay far fewer fees than they would at other institutions. In addition, the credit union philosophy “Not for profit, not for charity, but for service” translates into a personal touch not often found in banking today. Our credit union has been in operation since 1937, has over $10,000,000.00 in assets, and is insured for member shares by NCUA.