We believe in keeping interest local. As a member you share a bond, a commitment to keeping interest local. Doing business with NDCU supports 100 mile theory and contributes to a vibrant community and a dynamic local economy, while insuring decisions are kept local. From community comes strength! Logically. Locally. At NDCU we have a long history. From cash box to community cornerstone, your community Credit Union has been Nelson, Rossland and the East Shore’s local credit union for decades. Based on a history as an alternative to the banks, NDCU has grown from a modest beginning to an innovative, community-based financial co-operative. We believe the key to our success has been our membership.
Like banks, credit unions are full-service financial institutions providing a wide variety of financial services such as banking, loans, investments, and insurance to members from all walks of life – and to individuals, organizations and businesses.
There are, however, key differences.
The first is that the underlying mandate for banks and trust companies is to provide a healthy return on shareholder investments. These shareholders may or may not be customers of the bank…or even live in the same country.
Credit unions, on the other hand, have co-operative values where profits are directed back to the members and the community. Decisions as to how and where these profits are shared are made right here, by local management and by directors that local members elect through a democratic process – another key difference between credit unions and the big banks.
And while responsible money management is the priority, credit unions are justly proud of a reputation for providing superior customer service and a personal touch by local staff who are your neighbours, friends and family members.
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