A Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to Members. It is Member-owned and controlled through a Board of Directors elected by the Membership. The Board serves on a volunteer basis and may hire a Management Team to run the Credit Union. The Board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: Members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.