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.

Members put money into savings accounts which are called Share Accounts. This money is then loaned to other members, where these members will pay back the loan amount plus interest.

Members get paid from the credit union for letting it use their money. The money that you earn in your Share Account is called dividends.

The credit union's main purpose is to give member-owners the best financial services.

Who can become a member of CapEd?

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 CapEd. This includes children, spouses, brothers, sisters, grandparents and grandchildren. People who share a residence with a current Member can also join CapEd.

Click Here to find out who can become a member of CapEd.