What is a Credit Union?

Credit unions are financial co-operatives owned and democratically operated by the people who save and borrow with them.

The issue of mutuality and members sharing a "common bond" is central to the credit union value based co-operative. The credit union is primarily a service organisation that exists to empower people to help themselves and establish a level of independence that improves the quality of their own lives and the community as a whole.

Credit unions offer a comprehensive range of financial services at attractive and competitive rates for the benefit of members while maintaining the credit union ethos of service before profit.