About Credit Unions

What is a Credit Union?

Credit Unions (like Dort Federal Credit Union) are not-for-profit financial cooperatives, serving members who share something in common: employment, association membership, or residence in a particular geographic area. Each member owns one share of the cooperative, represented by the initial deposit made to a primary savings account. Unlike other financial institutions, credit union ‘profits’ are returned to the membership in the form of lower loan rates, higher dividend rates, and affordable services. Surveys consistently rank credit unions first among financial institutions in consumer satisfaction.