Financial Plus Credit Union is a financial cooperative, owned and operated by its members. This is what distinguishes the Credit Union from other financial institutions. Members put their money in a variety of savings accounts and that money in turn is lent to other members. Sometimes you will hear your Credit Union referred to as non-profit. Credit Unions earn profits, but that money, after operating expenses and reserve requirements are met, is returned to you in higher dividends on savings, lower fees or no fees, and reduced loan rates. The difference is that the Credit Union was organized to help members, not for the specific purpose of making money. FPCU is governed by a Board of Directors that establishes and reviews policy. The Board consists of Credit Union members who are elected by the membership and who volunteer their time, in contrast to those in the banking industry who are paid for their services. Every member of Financial Plus has one vote, regardless of how much he or she has on deposit. There is no select group of shareholders that profits more than anyone else. ALL members profit - individually and collectively.