What Is Credit Union Membership?
What exactly is a credit union and why should you become a member?
A credit union is a not-for-profit financial cooperative in which members maintain ownership in the overall institution, often brought together by a major commonality. There are no stockholders. Our members needs come first.
Credit unions are different from typical banking institutions for a number of reasons. Fees and loan rates for credit union members are generally lower.
In addition, a credit union is governed by a democratic operation of its members, enabling account holders to have equal say in how the union is operated regardless of their total savings amount. A smaller, more cohesive unit of people often gives members peace of mind that their money is in the right hands.
Think you don’t qualify to become a member of Bethpage Federal Credit Union? Chances are you do! Membership at Bethpage Federal Credit Union is open to anyone with a $5 minimum share account.