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What does it mean to be a 'member' of a credit union? How is this different than a bank? These are some questions you may be asking yourself in regards to what sets a credit union apart from a bank. For starters by being a member of a credit union you become an owner of a non-profit company, this is true for every member ages 18 and over. Membership allows you numerous benefits, one of the greatest being the ability to cast a vote for annual election of directors of the Board. There are also some other perks associated with membership:
Members realize the importance of credit unions in their community as an alternative to big banks. Members also often get involved in legislation that governs credit unions. To learn more about the history of credit unions, legislative action, and other important information visit these sites.
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