Credit unions enhance the economic well-being of all people, including those of modest means, through a system which is cooperative, member-owned and controlled and not-for-profit,  in order to provide a secure financial alternative for all consumers through the products and services available to members.

• Credit unions conform to the above principles, and therefore are not subject to income tax and must have their own unique regulatory and share insurance system.
• Credit unions generate wealth and benefits for their members in a number of ways, and those members incur tax obligations as the benefits are distributed in the form of dividends.
• Credit unions include service to people of modest means in their business activities because of the inherent dedication of not-for-profit, cooperative financial institutions to such service, the traditions and values of credit unions, and the commitment of boards of directors to credit union values.