Since credit unions are not-for-profit, you receive excellent value in the
form of:
Lower rates on loans
Higher returns on deposits
Lower or removed fees
Dividends on excess income
We don't have to answer to stockholders for whom we're trying to make a profit.
We answer to you, the owners. Every year, each credit union member has an equal voice in
electing our volunteer Board of Directors. These volunteers are your independent
representation to ensure the credit union operates in your interests. They are
accessible to you and will listen to you.
Every credit union has what is called a field of membership. This is the group of
people they are legally chartered to serve. This may be a corporation,
a county, or other
group of affiliated people. In our case it's members and employees of the Church
of Jesus Christ of Latter-Day Saints and their families.
We understand that this
audience has a unique set of values and we seek to operate in a way that is in
line with those values.
Deseret first is NOT for profit. It's for YOU!
