Credit unions are member-owned, not-for-profit financial cooperatives dedicated to improving members' lives. As a credit union member, you're also the owner. There are no outside stockholders. Credit unions exist to provide the best service possible to their members — not to churn profit for stockholders by charging high fees. Credit unions return all profits back to the member (after reserves and expenses) in the form of better rates, better service and lower fees. Other financial institutions do not operate this way.
Credit unions are governed through an unpaid, volunteer Board of Directors. These volunteers are members of Langley and are democratically elected by the credit union membership to represent the credit union member.
All savings are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, a U.S. Government Agency. Each member gets one vote at the Credit Union, regardless of how much that person has on deposit.