The Credit Union Difference
Credit unions are not-for-profit financial cooperatives, owned by their members, the people who save and borrow there. Credit Unions are controlled through a board of directors elected by the membership. The Board is responsible for providing oversight of the credit union by ensuring compliance with regulation and policies but not the day-to-day operations.
Unlike many financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to our members in the form of lower loan rates, higher deposit rates, lower fees and in Talka’s case, distributing a portion of its annual profit through interest rebates.
In addition to promoting thrift, credit unions focus on providing “simply the best” service. We know you have the right to choose where you conduct your banking, so we strive to give personalized service to each member and we value your feedback.