Advantages of Credit Unions
Credit unions are financial cooperatives owned and operated by their member/owners.
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. The only stockholders at a credit union are the members themselves!
Better Rates & Lower 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!
Volunteer Board of Directors
Credit unions are governed through an unpaid, volunteer Board of Directors. These volunteers are members of Langley FCU and are democratically elected by the credit union membership to represent you, the credit union member.
As a member of a credit union, you're also the owner — and we treat you that way. There are no customers at a credit union, just member/owners! Credit unions are not-for-profit. Credit unions return profits to members, not stockholders. We pass the savings back to the membership in the form of lower loan rates, higher savings rates and improved service.
Deposits Insured through NCUA
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
One Vote per Member
Each member gets one vote at the Credit Union, regardless of how much that person has on deposit.