We’re a not-for-profit.
We are governed by a volunteer Board of Directors which allows you to have a voice in the future of the credit union. Also by not paying dividends to shareholders we can offer competitive loan & deposit rates. We have no outside stockholders—we answer only to our members. So in essence, when you become a member of TCU, you also become our boss. You are a member/owner of the credit union. Your voice and vote is what matters to us. 1 member = 1 vote. Amount on deposit does not factor in as credit unions are democratic financial cooperatives. This also enables us to act more quickly when our members identify a need.
Lower loan rates.
As a not-for-profit, any revenue we generate goes directly back to our members in the form of lower, often more favorable loan rates as well as higher deposit rates. So if you’re rate-shopping for a new car, home loan