About ATFCU >> What is a Credit Union?

A Credit Union is a full-service financial institution owned by the people who use its services. Credit Unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to obtain loans at reasonable rates. Credit Unions offer you a viable banking alternative where your input counts.

When you open an account with a Credit Union, you become a member. As a member you become a shareholder and have a say in how your Credit Union operates. Member input and guidance occurs through the Board of Directors which comprises elected representatives of the Credit Union's total membership. The Board's job is to develop and assure adherence to Credit Union policies.

Credit Unions, like other financial institutions, are closely regulated. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of Credit Union members up to $100,000.

Want to learn more about Credit Unions? Click here to read about the history of Credit Unions.