Connecticut’s Credit Unions are Financial First Responders on the Front Lines of the Relief Effort
We’re here for you. Here are some examples of what many Connecticut credit unions are doing to help:
Please check with your individual credit union for specifics on their response measures.
The Credit Union League of Connecticut represents Connecticut’s nearly 100 credit unions and their almost 1 million member-customers. Credit unions are not-for-profit financial cooperatives, democratically governed by volunteer boards of directors. They exist to serve their members because they are governed by their members. Credit unions are embedded deep in their communities; for example, some of our smallest credit unions are located in church basements while others specifically serve essential services such as fire, police, and healthcare personnel.
Credit union profits, if any, are given back to the members in the form of higher interest rates, lower rates on loans or used to provide the members exactly the products or services they want. A typical credit union refrain is “people helping people.” To answer that call, credit unions develop deep knowledge of their members and carefully balance the interests of the individual member with those of their total membership.
President and CEO
Credit Union League of Connecticut
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