The question of what is it that distinct credit union from every other financial institution is a question that keeps lingering for a long even though many articles have been written to bring clarity in this direction there are still a lot of people that still have a lot of question in their heart as to why they should leave their normal banks, or have a normal bank and still have a discussion around becoming a member of a credit union. Even in Denver, there are still a lot of people that are not clear about what Denver credit union stands for and what distinction they bring to the table asides from the contemporary financial institution that we know, like banks and cooperatives societies.
Unlike every other know financial institution, credit unions have a very distinct role they play in ensuring that their members have a different financial experience from what they have been used to including the Denver credit union. Credit unions are not-for-profit financial institutions unlike banks that are created to purposely serve a specific goal of making money for their owner, credit unions are created to serve their members and all of their functions are member-driven and members oriented. They are specially created to serve their member’s financial needs, that is why it is owned by members and the board of directors is chosen by the members through an election process. And this has been ow it is done since the very inception of credit unions across the world and this has proven to work well over the years, as the board of directors is doing more like volunteer work as their job primarily is to ensure that their members are well served.
The mission is basically to serve members, this aim is the same for every credit union across the world, at the local level, state level, and even the national level. This also applies to the Denver credit union. Credit unions serve a common membership based on some specific characteristics such as employee groups, geographical location, studentship status, or as a member of a particular organization or group. It is very simple unlike other financial institutions to become a member of any credit union group, it is created to serve its members and it is open to as many as members that want to come become and be part of the community. If you are in Denver, the Denver credit union can be a company of people you will truly want to be part of.
