The MAC FCU Difference

We’re not just making empty claims – we can back up what we’re saying with facts.

• At credit unions, depositors are called members. Each member is an owner of the credit union.
• Since credit union members are owners, each member, regardless of how much money they have on deposit, has one vote in electing Board members. Members can also run for election to the board.
• Credit unions’ boards are comprised of volunteers who reflect the diversity of the membership.
• Credit unions are local and are organized to serve the interests of its membership.
• Credit unions are not-for-profit financial cooperatives, whose earnings are paid back to members in the form of higher savings rates, lower loan rates and fewer fees.
• Credit unions focus on consumer loans and member savings, as well as services needed by the membership.
• In the entire history of U.S. credit unions, taxpayer funds have never been used to bail out a credit union.
• Credit union deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a branch of the federal government, which is backed by the “full faith and credit” of the U.S. government.
• A credit union is a subcategory of the CDFI classification.