What’s a credit union?

A credit union is a not-for-profit financial cooperative built on the principle of “People Helping People.” At MembersOwn, that means we’re here to help you succeed—not to make a profit.  Every member is an owner, saver, and potential borrower, meaning your financial success is our priority. We’re governed by a volunteer board of directors, elected by our members. This board helps guide our policies, set dividend and loan rates, and ensure we’re always working in the best interest of our members. The result? A trusted place to save, borrow, and grow financially—with better rates and personalized service that focuses on people, not profits.

Who owns a credit union?

Unlike banks that are owned by stockholders focused on making a profit, a credit union is owned by its members. Each member holds an equal share of the credit union, giving you a say in key decisions—like electing the board of directors. Because we don’t have outside investors, our earnings go right back to you through better rates, lower fees, and improved services.

Who can join MembersOwn Credit Union?

If you live, work, worship, attend school, regularly conduct business, or volunteer in Lancaster, Gage, Jefferson, Saline, Seward, Saunders, Cass, Otoe, Johnson, or Pawnee counties in Southeast Nebraska, you’re eligible to become a member!

Membership is also open to those who are closely related to members, including spouses, children, siblings, parents, grandparents, grandchildren, and step-relations.

How did credit unions start?

The credit union movement began in Germany over a century ago and has since expanded across the world. In the United States, credit unions started in 1909 in Manchester, New Hampshire, with St. Mary’s Cooperative Credit Association—a church-affiliated credit union. Today, 43% of Americans are credit union members, benefiting from the power of financial cooperatives.

What is the purpose of a credit union?

The purpose of a credit union is simple: to help members achieve financial success. We’re here to help you build financial security by encouraging smart saving habits, offering affordable loans with lower rates, and returning earnings to members through better dividends and improved services.

At MembersOwn, we exist for one reason—to serve you. Because when you succeed, we all do.