The CICU Difference

How are we different than a bank?

We’re glad you asked! Credit unions are not-for-profit financial cooperatives which are owned and governed by their members. We operate under the people-helping-people philosophy of “not for profit, not for charity, but for service.” Our profits are returned to our members in the form of competitive loan rates and savings dividends. Our board of directors is elected by our membership for service to our members. Your use of the investment and loan products offered by your credit union allows us to expand all of our members’ financial opportunities.

We have similarities to banks such as the financial services that we offer and the fact that we are federally insured. We have our fiscal health and business practices monitored by government regulatory agencies. But, as the previous paragraph indicates, we’re different in the important ways. We are totally devoted to service for our member owners, the promotion of thrift, and our community. At Central Illinois Credit Union, we like to think these differences make us better than a bank!

Once you become a member, you are part of the family!