2017 Utility Member Credit Union Deposit/Savings |
1. Background
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The NRWFCU is scheduled for launch the first quarter of 2018. The Credit Union is federally insured like any bank and is governed by a non-paid board elected by the depositors. Essentially, the depositors are share holders and own the bank. The primary purpose of the credit union is to provide member business loans to the utility members along with CDs/savings. Other financial services will be added as the credit union grows.