Font Size: Medium TextLarge TextExtra Large Text

What is a Credit Union?

Why should you join a credit union instead of a bank?

More than 75 million people use credit unions. Here are a few good reasons why: competitive rates on loans and savings accounts, traditionally low fees and service charges, excellent service, safety and security, and the feeling of owning your financial institution. At a credit union, you're more than just a number!

Credit unions are financial cooperatives

One of the major differences between a credit union and a bank is that credit unions are not-for-profit organizations. Credit unions have members, not customers.

Together, you and your fellow members pool your deposits in order to offer loans and other financial services to each other.

After operating expenses and reserve requirements are met, the "profit" that we make each year, in terms of the remaining interest income, is returned to members in the form of higher dividend rates, lower loan rates, lower fees, and enhanced service.

Aerospace Federal Credit Union offers the same wide variety of financial products and services that banks do – only for less cost and with friendlier service.

Join Now