More Idaho Credit Union League Information
If you are looking for a credit union to join, or just want to find out more about the credit union movement, this is the right section for you! You may be asking yourself how are credit unions different from banks, and why should I join one?
Credit unions are truly unique:
Credit unions are not-for-profit financial cooperatives, organized solely to meet the needs of their members.
Each credit union is governed by its members. The membership elects unpaid, volunteer officers and directors who establish the policies under which the credit union operates.
Voting is under democratic principles (one person, one vote), no matter how much money, or how little, a member has in shares (savings).
To join a credit union, a person must be within its field of membership. Typical fields of membership include employee groups, associations, religious or fraternal affiliations, and residential areas.
Credit unions offer a variety of savings and lending services. While each credit union service profile is different, many offer payroll deduction plans, share drafts (checking), money orders, credit and debit cards, and IRAs.
Larger credit unions also offer services like home equity and real estate loans. Money earned through interest on loans and income from investments (after operating expenses and reserves) is returned to members in the form of better rates, lower fees, bonus dividends on savings, interest rebates on loans, and expanded services.
2770 Vista Avenue
Boise, Idaho 83705
PO Box 5158
Boise, Idaho 83705-0158