Introduction to Credit Unions

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  Do you know who pulls the strings at _your_ financial institution?
	   At a credit union, the control is in YOUR HANDS

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	    W h a t   A r e   C r e d i t   U n i o n s ?
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			[Based on a pamphlet:]
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Credit unions are people-oriented financial institutions. Formed as
not-for-profit cooperatives, they operate for a single purpose: to
server their membership.

Americans saw the first U.S. credit uion established over 80 years go.
Since then, the credit union movement has grown to include over 60
million memberts nationwide. Credit unions are the fastest-growing
sector in the financial marketplace, and members hae the advantage of
being owners of their credit unions.


Credit unions exist to serve their membership, not to make a profit
for stockholders. The general membership, not a few shareholders,
elect the boards of directors and other committess that run credit
unions. Each member has one vote and an equal say in the credit
union's mission and operation. [I.e., "one member, one vote" not "one
dollar, one vote"] The benefits you receive as a member/owner of this
coperative effort include: lower interest charges on loans, higher
dividend rates, personal service and a wide variaty of products.

The cooperative spirit of credit unions is being threatened by other
finacial institutions and the U.S. Government. Pressue is being put on
our legislators to make credit unions just like other financial
institutions; they are attacking our "not for profit, but for service"
philosophy and the entire cooperative nature of credit unions. Any
change in the current status of credit unions couldmean higher loan
rates, lower savings rates, reduced services and control of your credit
union by a few wealthy shareholders. Let your legislators konw that
you support your member-owned cooperative. Support the credit union
difference!

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[Presented by the Finger Lakes Credit Unions, working together to
educate our members]
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