What is a credit union?

A credit union is a not-for-profit cooperative financial institution, wholly-owned by its members. Credit union membership is limited to people who share a common bond such as employment or place of residence. Every credit union member gets one vote regardless of how much he or she has on deposit. The members of a credit union board of directors are elected by the membership.

Why credit unions are for you

After allowing for reserves and operational expenses, all earnings from a credit union return to its members in the form of higher dividend rates on savings and lower interest rates on loans. A credit union also may reinvest its earnings in developing additional products and services. Because credit unions are not-for-profit, they generally offer higher rates for deposits and charge lower rates on loans than for-profit financial institutions.

TruMark Financial’s number one priority is the financial well-being of its members. TruMark Financial provides a full range of quality and convenient financial services while preserving the safety and soundness of your funds.