At AFFCU, you are a member of a cooperative and an owner; you have a voting share in the credit union’s affairs. In fact, we exist to serve our members, not to make a profit. The earnings are returned to our members in lower loan rates, higher interest rates on deposits and lower fees.
AFFCU members have access to 7 AFFCU branches, over 200 CO-OP Shared Branches throughout Texas, more than 5,400 branches worldwide and nearly 30,000 surcharge-free CO-OP Network ATMs nationwide.
How is a Credit Union Different from a Bank?
What is the Credit Union Difference?
|Not-for-profit||Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. We return our earnings to members in lower loan rates, higher dividends on deposits and lower fees.|
|Ownership||Each credit union member has equal ownership and one vote — regardless of how much money a member has on deposit. At a credit union, every member counts!|
|Volunteer Boards||Each credit union is governed by a volunteer board of directors, elected by and from the credit union’s membership.|
|Membership Eligibility||Credit unions serve an exclusive group. You can qualify if you are military, through your employer ( if a SEG), organizational affiliations like churches or social groups, or if you become a member of The Airman Heritage Foundation. For more information see membership eligibility or call us toll free at 800.227.5328..|
|Financial Education||Credit unions assist members to become better educated consumers of financial services. We provide free financial education to our adult members, military service members and to youth in local schools.|
|People Helping People||Credit unions exist to help people, not make a profit. Our goal is to serve all of our members well, including those of modest means – every member counts. Our members are fiercely loyal for this reason. They know their credit union will be there for them in bad times, as well as good. The same people-first philosophy causes credit unions and our employees to get involved in community charitable activities and worthwhile causes – just ask us.|