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The Credit Union Difference
Like you, more than1.2 million people in Missouri belong to credit unions. By having an account at [insert name here] Credit Union, you are a member-owner. We belong to you!
Credit unions help members from all walks of life every day. Across the state, credit union members are a diverse group: teachers, doctors, lawyers, students, office workers, blue collar employees and retirees. Many are consumers who have not been able to find the financial help they need anywhere else – people who believe that with hard work and careful planning, they will be able to achieve their financial dreams.
Missouri is home to more than 160 credit unions – each working hard every day to help members reach their financial dreams. In their goal of meeting financial dreams, today’s credit union members have the same values that helped launch the credit union movement nearly 100 years ago in the United States.
Credit unions are based on the belief that the people who help manage your money should care about your dreams, share your values and be a real part of the community. Credit unions focus on people – not profits.
What Sets Credit Unions Apart?
Other financial institutions focus on money. Credit unions focus on people, dreams and results. The credit union difference is evident in four key ways:
1) Governance
Credit unions are locally owned by their members. Their boards of directors are members who serve as unpaid volunteers. As members themselves, these volunteers understand members’ needs and focus on ways to meet those needs. Credit unions are financial democracies. No matter how much money a member has on deposit, each member has an equal vote in decisions for the credit union.
2) Purpose
Credit unions are not-for-profit financial cooperatives. The money each credit union makes is invested back in its members in a variety of ways. Credit unions’ most important responsibility is promoting the financial success of their members.
3) Member Benefits
From better rates to special programs, credit unions provide a wide range of member benefits. All members are treated equally, no matter how much money they have on deposit. Credit unions reach out with special programs to growing numbers of Missourians who can’t get the help they need from other financial institutions.
4) Values
Credit unions put people first and help members move forward financially. The values of credit unions reflect the values of their members. Without credit unions, the people of Missouri would have fewer options and opportunities. Credit unions provide an important consumer choice that’s good for Missouri and its communities.
Find out more!
www.missouricreditunions.org
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