Vision Statement on the Mission of Credit Unions

• The purpose of credit unions is to promote the economic well-being of all people, including those of modest means, through a credit union system which is cooperative, member-owned, volunteer-directed, not-for-profit, and therefore tax-exempt; to provide a secure financial alternative for all consumers, and to provide financial and related products and services to members.
• Credit unions conform to the above principles, and therefore are not subject to income tax and must have their own unique regulatory and share insurance system.
• Credit unions generate wealth and benefits for their members in a number of ways, and those members incur tax obligations as the benefits are distributed in the form of dividends.
• Credit unions include service to people of modest means in their business activities because of the inherent dedication of not-for-profit, cooperative financial institutions to such service, the traditions and values of credit unions, and the commitment of boards of directors to credit union values.