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Credit Unions 101: Our Unique Non-Profit Structure
We're set up to serve our communities -- not shareholders.

In some ways, credits unions are similar to banks. We offer financial services and products emphasizing quality, service and value and our employees have extensive experience helping people chart a smart financial future.

But make no mistake: Credit unions are unique from all other financial service providers, including banks. We're not-for-profit.

Our primary motivation isn't money -- it's helping our member-owners improve their financial well-being. We don't have investors. We don't issue stock. We're financial cooperatives that operate under principles ensure that all of our members' interests are our top priority.

Because credit unions are not-for-profit member-owned financial cooperatives, we're exempt from federal income tax. Every dollar earned beyond those we need to cover operational expenses – or socked away in reserves to cover ups and downs of the economy – is handed back to our members in the form of better rates and lower fees and a variety of other member benefits.

Examples of some of the benefits at Energy Plus Credit Union that wouldn't be as strong without this tax status include: Free Notary Public, Free 24/7 Home Banking and Tele-connect access, Free access to two ATM networks nationwide, and two Free official checks per month for every member.

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