MISSION STATEMENT FOR COMMUNITY CREDIT UNION

Community Credit Union is a member owned organization whose purpose is to provide convenient, quality, personalized service while maintaining financial stability.

Not For Profit, Not for Charity, But For Service......That's the Credit Union Motto....

What's The Difference Between a Credit Union and a Bank?

While both credit unions and banks offer personal financial services like savings, checking and loans, there are distinct differences between these two financial institutions.

Credit Unions	Banks
- Not-for-Profit Cooperatives	- For Profit Corporations
- Owned by Members	- Owned by Outside Stockholders
- Governed by Volunteer Board of Directors	- Run by Paid Board of Directors
- Offer Lower and Fewer Service Fees	- Charge Higher and More Service Fees
- Offer Lower Loan Rates	- Charge Higher Loan Rates
- Pay Higher Savings Rates	- Offer Lower Savings Rates

Banks are for profit, dedicated to increasing the bottom line. Credit Unions are democratic, not-for-profit financial cooperatives, dedicated to serving members.

When you join a Credit Union, you become a member, not a customer, as at a bank. Members have a "common bond," such as the company they work for or the community in which they live. And members always come first.

Because credit unions are financial cooperatives, members are owners who share in the success of the Credit Union. And as such, members have a vote in how the Credit Union is run by electing fellow members to the Board of Directors that oversees the operation of the financial institution.

Credit Union earnings are given back to the members in the form of favorable dividends on savings, competitive rates on loans, lower and fewer fees and better services. Bank earnings go to stockholders and the Board of Directors.

Whats common? Deposits are insured to at least $250,000 by the federal government.