About Us
Ownership & Administration
As a not-for-profit financial cooperative, NIHFCU is owned and operated by its members. This means when you deposit at NIHFCU, you own part of the institution (as opposed to for-profit banks which are designed to make profit for shareholders).
Our Board of Directors is elected annually by NIHFCU members. Every member has one equal vote regardless of the balance in his or her savings account.
Our Board of Directors (BOD) is a group of nine volunteers responsible for the general direction of the Credit Union, including developing goals and establishing policy. The BOD appoints the Supervisory Committee, a group of member-volunteers responsible for monitoring overall operations and ensuring the Credit Union’s safety and soundness on behalf of members. Additional volunteer committees are also a part of NIHFCU’s administration, all designed to ensure NIHFCU’s performance and high standard of operation.
