What is a Credit Union? A Guide to the Co-operative Movement

A credit union is a not-for-profit financial cooperative, owned and governed by its members. Unlike traditional banks, which are for-profit institutions owned by shareholders, credit unions' business operations and pursuits are directed by their membership as they seek to serve their financial needs. Credit unions offer a wide range of products and services, from savings accounts, which currently attract significantly greater interest than commercial banks, to loans and mortgages at generally lower fees, along with insurance products. FHC Credit Union has the added benefit of operating its own investment subsidiary that offers investment and pension services.?

Credit unions have a long and proud history. The movement was founded on the principles of cooperation, mutual support, and self-help, and these values continue to guide the credit union industry today.

In addition to the financial advantages, credit unions also offer a sense of community and connection. As locally owned and community-oriented organizations, credit unions are invested in the well-being of their members and the communities in which they operate. By joining FHC Credit Union, you can help create a meaningful experience for yourself and others along your financial wellness journey.