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The Credit Union Difference
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I Love You - Bank vs. Credit Union
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Members Own the Credit Union

A credit union is a democratic, member-owned cooperative. So when you join a credit union, you’re more than a member; you’re an owner and that means you have a say in how your credit union is run.

Bonus Dividend Paid To Members

Box Elder Credit Union is pleased to announce that a bonus dividend will be paid to member in December on all regular and special shares. This bonus is equivalent to approximately an extra 12 months of dividends.

Box Elder Credit Union remains one of the strongest credit unions in the nation. Our sound lending decisions and efficient operations have kept the credit union secure, strong, and solid; and we are in a position where we can return dividends to our member-owners. The bonus dividend is another perfect example of the credit union difference and why we are THE ONE PLACE TO GO!

Credit Unions are Not-for-Profit

Credit unions provide the same products and services as other financial institutions but credit unions are not-for-profit and exist to help people, not to make a profit. As such, all earnings are returned to their members in the form of high-interest savings and low rate loans.

This also enables credit unions to operate at a lower cost than many for-profit institutions, and helps them to offer competitive loan and savings rates to their members.

Credit unions follow conservative investment practices and lend responsibly and live within their financial means, so you can trust your credit union’s decisions.

Volunteer Board

A volunteer Board of Directors, elected by the members, governs a credit union. With their vote, each member has a direct impact on the direction of the credit union. As part of the democratic process, each credit union holds an annual election where members select candidates for the Board of Directors. This is very different from a bank, where stockholders vote according to the number of shares of stock they own.

Credit Unions Put People First

Credit unions live by the philosophy of “People Helping People”. Our goal is to serve our members well, including those of modest means – every member counts.

Credit unions are also committed to their communities, offering financial services to under-served populations, engaging youth in money matters, and providing financial education to their members. Credit unions serve their communities to strengthen the connection with members and improve the quality of life for those in need of financial services.

Giving Back To The Community

The same people-first philosophy causes credit unions and our employees to get involved in community charitable activities and worthwhile causes – just ask us.