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See that, behind me?
That's a credit union.
A credit union is owned
by members. Members are people like you
and me who save and borrow money at the credit union.
Members have to make important
decisions about how the credit union operates. To make those
decisions, they elect a group of people to represent them. These
representatives are called directors.
Come on
inside, and let's meet the directors!
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DECISIONS,
DECISIONS, DECISIONS
Credit union directors
make a wide assortment of decisions. Usually they focus on general
issues, called strategies. They rely on the credit union's managers
to make specific, or tactical, decisions.
Some questions directors
might consider:
- Whom should we serve?
- Are we lending money responsibly?
- Is the credit union's president doing a good job?
- Should we build a new office across town?
- Should we sponsor more community events?
- Are our loan rates competitive?
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Numerica Credit Union
What makes credit unions so great? Members like you.
Every dollar you invest in your credit union earns you money while other members borrow it.
When you're ready for a loan, other members' savings will be there to help you out at the lowest possible cost.