Credit Union Difference
What make the credit union so different?
Credit Unions are different because our profits go back to our members. Whether it’s through donations, sponsorships, scholarships, profit sharing, or participating in and hosting community events, credit unions share their profits with those who help make us successful: our members and our community!
Our history is the foundation of our philosophy: that everyone deserves the opportunity to achieve financial well-being, that working together, cooperatively, works for the good of all, and that giving back to communities is a key rationale for profitable operations.
The rest is history. The credit union system now employs over 24,000 people, serves 4.9 million members, and manages assets of over $91 billion.
1. Voluntary and open membership.
2. Democratic member control.
3. Member economic participation (through member shares).
4. Autonomy and independence (self-help organizations controlled by members).
5. Education, training, and information (for members, staff, and directors).
6. Cooperation among cooperatives (working together locally, regionally, nationally, and internationally).
7. Concern for community.
Around the World: The international credit union system is comprised of 91 countries, 43,000 credit unions, and 136 million members. As a member in Canada, you are a welcome and respected member of a strong movement in the global community.