You might be wondering why you would choose a credit union over a bank.  Aren’t they the same thing? The short answer is no.  While both financial institutions offer the same types of services, accounts, and loans, credit unions are focused on helping individuals and the community.

Our Members are Important to Us!

The first big difference is that credit unions are not-for-profit organizations. This means that instead of being concerned with making money, we place importance on serving our members.  Profits made during the year are shared with members in the form of reduced fees, lower loan rates, and higher savings rates.

Everyone who holds an account at a credit union owns a portion of the company and has a vote. Every year, members are invited to the annual meeting and encouraged to use their voice to vote on pertinent issues.  They also help to elect a volunteer board of directors.

Certain criteria must be met before one can join a credit union.  At Midwest Members, we serve ten counties, and anyone who lives, works, worships, or goes to school within those counties is eligible for membership with us.

Community Outreach

Community outreach is a huge part of the credit union philosophy.  At MMCU, we love to reach out and give back.  We support several area charities through our “Jeans Days Fundraiser,” such as Got Your Six Support Dogs, the Community Hope Center, Kellsie’s Hope Foundation, 5 A’s Animal Shelter, The Restore Network, and many more!

In short, credit unions are more personal, and more invested in helping you save money and receiving the best service possible. That’s the credit union difference!