Credit Union is a non-profit co-operative financial institution.
A Co-operative is a business like any other business, but it
belongs to the people who use it and operates only for the benefit
of its members.
Unions are owned by the people who use them, and their stated
purpose is to serve their members, not to make a profit.
Credit Union is a safe place to save and borrow at reasonable
rates. In essence, members pool their money to make loans to one
they're not for profit, they can offer members things like higher
interest rates on savings and lower interest rates on loans.