Building Financial Success One Member at a Time

United Credit Union has been in business since 1935 and has grown to be over a $250 million financial institution offering comprehensive financial services to over 28,000 members. We now have six locations in Mid-Missouri and continue to operate with you, our member, in mind.  Like other credit unions, United Credit Union is a not-for-profit cooperative, owned and operated by its members. This makes credit unions different from all other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, loan income is returned to all members in the form of dividends and comprehensive financial services.

Still not sure on the difference between credit unions and other financial institutions? Here are the four main differences:

• Governance
  Credit unions are locally owned. Each is guided by a volunteer board of directors. The decisions about the organization, direction, programs and policies that govern credit unions are based on the benefits they provide to members.
• Purpose
  The most important responsibility of credit unions is promoting the financial success of members. Other financial institutions focus their attention on making big profits for just a few shareholders. Credit unions are not-for-profit. Money made by the credit union is returned back to the members.
• Member Benefits
  Money made by the credit union benefits members in a variety of ways. From higher interest rates on savings and lower interest rates on loans, to financial counseling and services, credit unions focus on helping members – not simply making a profit.
• Values
  Credit unions bring financial benefits to the areas they serve. Because they are locally owned and managed, credit unions are focused on making a contribution to their local communities. Without credit unions, other financial institutions’ profit demands would leave families unable to afford a home and small businesses without the loans they need to grow and benefit Missouri’s economy. Credit unions provide an important consumer choice for all Missourians.