Credit Unions are financial institutions owned and controlled by its members. Like banks, credit unions can offer a variety of services to their members such as checking accounts, loans, mortgages, home equity, ATM/Debit Cards.
Credit Unions are financially stable, as they did not get involved with "sub-prime mortgages" that have caused havoc in the banking industry. All deposits at credit unions are insured by the NCUSIF and are closely regulated by the government.
Some reasons why you should join a credit union:
- Credit Unions are focused on people, not profits
- Credit Unions Board of Directors are volunteers, elected by the membership.
- As a member of a credit union, regardless of how much you have on deposit, you have an equal voice on how the credit union is run
- Credit Unions specialize in helping educate their members for a better financial future.
Baker Federal Credit Union was opened in 1961 and is one of the oldest financial institutions in the area. Contact us today at (800) 992-2365 and find out how you can become a member of the family.
"Isn't it time we met"?