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MAYFAIR FEDERAL CREDIT UNION

 

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WHAT'S A CREDIT UNION

CREDIT UNIONS ARE NOT-FOR-PROFIT FINANCIAL COOPERATIVES THAT PROVIDE AFFORDABLE FINANCIAL SERVICES TO THEIR MEMBERS.  CREDIT UNIONS ARE OWNED AND CONTROLLED DEMOCRATICALLY BY THEIR MEMBERS.  THE MEMBERS, THEMSELVES, ELECT A BOARD OF DIRECTORS FROM AMONG THE MEMBERSHIP, WHICH IS RESPONSIBLE FOR SETTING ALL POLICES.  CREDIT UNIONS DO NOT MAKE A PROFIT FOR A SELECT GROUP OF STOCKHOLDERS.

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Last modified: 01/12/07