Why a credit union?
If it feels like we’re on your side, it’s because we are. Our members are equal owners of the NIHFCU, meaning they all have one vote in electing our volunteer Board of Directors (who are also NIHFCU members). With most commercial banks, customers do not have a real voice in its future. Where banks focus more on Wall Street and the financial stake of their shareholders, credit unions are focused solely on the lives of its members. As a not-for-profit cooperative, we are proud of the “people helping people” approach we’ve taken to financial services since we were founded in 1940.
Credit unions do look similar to banks – both offer a range of products and services. However, because of the way credit unions operate, you’ll commonly enjoy:
lesser fees for services,
lower interest rates on loans of all kinds,
higher returns on your savings.
And, that means more of your money where it belongs – in your pocket.