What Is a Credit Union?


A credit union is a not-for-profit financial institution, whose members pool their resources for mutual financial benefit. "People Helping People" is the easiest way to define credit union operations.


Credit Unions Give Members an Edge Over Banks:
Credit Union
For-profit organization
Not-for-profit organization
Owned by Stockholders
Owned by members
Income distributed to stockholders
Income distributed to
Higher fees
Lower or NO fees
Higher loan rates
Lower loan rates
Lower savings rates
Higher savings rates


Credit Unions Are Safe & Sound!

Not one member has ever lost a penny from a federally insured Credit Union! Matadors Community Credit Union is insured by the National Credit Union Administration (NCUA), a federal government agency. Individual member deposits are insured up to at least $250,000, and IRAs are separately insured up to an additional $250,000.


And, since your Credit Union is under the direction of fellow MCCU members just like you, safety ALWAYS comes first!


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