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Celebrate With Us…..
Join 186 million credit union members from 97 countries around the world and celebrate:
International Credit Union Day Thursday, October 20, 2011 Prizes & Refreshments 11:00 am—1:00 pm |
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At some point, you’ve probably wondered what the difference is between credit unions and other financial institutions. In reality, many differences exist, but the short of it is this: Credit unions exist to help people, not to make a profit. That difference resulted in MERHO Federal Credit Union being established in 1972 as a financial cooperative rather than a bank. Although we don’t sell groceries or farming supplies or electricity, we share the same principles as other cooperatives. At a cooperative, you’re a member/owner, not a customer.
As financial cooperatives, credit unions are much more than money lenders and holders. Like all cooperatives, we stand for the power of people helping people. Credit unions are prime examples of how the cooperative spirit transforms individuals and advances communities, the first steps toward building a better world |
