Membership

What is a credit union?

	Y-12 FCU	Banks
	Member-owned We are owned by the people, or members, who use our services.	Shareholder-owned Banks are owned and managed by their corporate shareholders.
	Not-for-profit Our profits are returned back to members in various forms like reduced fees, higher deposit rates and lower loan rates.	For-profit Profits are returned to shareholders.
	Member-driven Membership is based on  a communal bond called the "field of membership." Our decisions are made with members in mind.	Shareholder-driven Banks offer services to anyone, anywhere. Decisions are made with shareholders in mind.
	Service-centric Our cooperative structure creates a common goal of the financial wellbeing of our members.	Profit-centric Most profits are made by charging feeds and high interest rates to customers.
	NCUA-insured Your deposits are federally insured up to $250,000 by the NCUA.	FDIC-insured Deposits are federally insured up to $250,000 by the FDIC.

The Credit Union National Association (CUNA) states "Credit unions are member-owned, democratically governed, not-for-profit cooperative financial institutions generally managed by volunteer boards of directors, with a specified mission of promoting thrift and providing access to credit for provident purposes to their members, especially those of modest means.".

 Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at competitive rates. Credit unions are democratically governed and elections are based on a one-member, one-vote philosophy. Accounts are insured by the National Credit Union Association (NCUA) up to $250,000.

At Y-12 Federal Credit Union you are more than a member — you are part of our family.

Become a Y-12 FCU Member today!  

Open An Account