A credit union is a cooperative association - a group of people who pool their individual savings and, from that pool, take care of their own credit problems with modest or low interest rates.

Members elect a board of directors, and may elect a supervisory committee.

Credit unions offer loans and dividend rates that are not offered by other lending institutions.

Credit Unions are tax exempt, unlike savings and loans and mutual banks. The deductibility is maintained because credit unions have no capital stock, are organized and operated for mutual purposes, and are not-for-profit.

Click for more information about becoming a member of riverset credit union.