Creating a credit union is not as difficult as one would think. Neither is it a snap! Instead, it’s a concentrated effort by a group of like-minded individuals who have the ambition to control their financial destinies and the strong desire to forge ahead until they make it a reality. Credit unions continue to be premier financial institutions in the country and it’s because the people who use the institution are also the people who own it. To share this common bond with their peers is the foundation of the entrepreneurial spirit imperative to its success. Credit unions are formed by members to serve members, each of them entitled to have a voice in the products they provide and the service quality they expect.
Credit unions are not-for-profit, financial cooperatives, operating under Federal or State charters. Decisions made in the formative stages of these financial institutions are the cornerstone of a successful credit union. Create A Credit Union exists solely to support the emergent credit union at every stage. Backed by CU*Answers, a trusted name in Credit Union Service Organizations, and premier core technology provider since 1970, is the source of expertise and guidance throughout the entire development process.