United Credit Union

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United Credit Union
802 E Breckenridge Street,
Mexico, MO 65265
Phone:(573) 581-8651
Fax(573) 581-4525
Toll Free (877) 581-8651

United Credit Union, like other credit unions is a not-for-profit cooperative, owned and operated by its members. This makes credit unions different from all other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, loan income is returned to all members in the form of dividends and comprehensive financial services.

Still not sure on the difference between credit unions and other financial institutions? Here are the four main differences:
Governance

Credit unions are locally owned. Each is guided by a volunteer board of directors. The decisions about the organization, direction, programs and policies that govern credit unions are based on the benefits they provide to members.
Purpose

The most important responsibility of credit unions is promoting the financial success of members. Other financial institutions focus their attention on making big profits for just a few shareholders. Credit unions are not-for-profit. Money made by the credit union is returned back to the members.
Member Benefits

Money made by the credit union benefits members in a variety of ways. From higher interest rates on savings and lower interest rates on loans, to financial counseling and services, credit unions focus on helping members – not simply making a profit.
© 2009 United Credit Union