What exactly are credit unions? They are innovative and leading-edge financial institutions. Their products, services and operations — and even their physical branches — may resemble those of banks, but there are some major differences, starting with the fact that they are cooperatives.
For roughly $5 (to purchase membership shares), you’ll become part of a democratically-governed community organization that contributes to and invests in the very people that live and work in your neighbourhood — and you’ll also be part of a much larger international movement.
Globally, one billion people are members of cooperatives, which provide 100 million jobs. Locally, being part of a credit union, you'll have the satisfaction of knowing that your financial institution reinvests its profits in the patchwork — local businesses, people and ideas — that makes your community unique.
As an organization, we represent more than 110 credit unions, with over 850 branches across British Columbia and Ontario. We are Central 1.
If you've ever considered moving your banking to a credit union, why put it off any longer? There's a credit union waiting for you — and making the switch is less painful than you might imagine.
Go on, give us a try. You've got nothing to lose . . . and everything to gain.