What is a Credit Union?
Many people save their money in a credit union. These people usually have something in common, such as their place of
work or school.
You and other members put money into savings accounts which are called Share Accounts. This money is then given to other members as a loan, where these members will pay back the loan amount plus an extra amount of money called interest. Then you and the other members will get paid extra money from the credit union for letting it use your money. The extra money that you will earn in your Share Account is called dividends.
The credit union's main purpose is to give member-owners the best financial services. Capital Educators Federal Credit Union thinks that it has chosen a not so impossible mission.
Who can become a member of Capital Educators Federal Credit Union?
Credit Union financial services may be available to select groups of employees, students, retirees, persons who belong to a local community or organization, etc.
People who are related to a current Member can join Capital Educators. This includes kids, spouses, brothers, sisters, grandparents and grandchildren. People who share a residence with a current Member can also join Capital Educators FCU.
Click Here to find out who can become a member of Capital Educators Federal Credit Union.
"Once you are a Member, you are always a Member."
