What is a Credit Union?

A credit union is a financial cooperative owned and operated entirely by the members/owners who save and borrow at the credit union. It is a "not-for-profit" financial cooperative organized for the purpose of promoting savings and providing credit at favorable interest rates. Credit Unions are owned and operated by their members with each one possessing equal rights to vote - one member, one vote - without regard to the amount of savings, deposits, or volume of business.


Credit unions are not-for-profit financial cooperatives. We exist to serve our members, not to make a profit. Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to our members in the form of lower loan rates, higher interest on deposits, and lower fees.


Credit unions are economic democracy. Each credit union member has equal ownership and one vote - regardless of how much money a member has on deposit. At a credit union, every customer is both a member and an owner.

Volunteer Boards

Each credit union is governed by a board of directors, elected by and from the credit union's membership. Board members serve voluntarily.

Field of Membership

Each credit union has a field of membership (FOM). The FOM describes who is eligible. Most credit unions have a certain type of FOM: community, association, employer group. Rim Country Federal Credit Union is a credit union that has been opened up to all residents of Navajo County as well as those that might commute to a location in the county to work worship or attend school.  Immediate family members of a member are also eligible for membership..

Please Note: This is a non-transactional website. Please contact the CU directly @ 928-536-7484 for more information.


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