Credit Unions are not-for-profit financial institutions dedicated to serving the financial needs of their member/owners. When you open a Share Account in a credit union you become a member/owner, and each credit union member has equal ownership and one vote. Members annually elect the Board of Directors, volunteers from the membership who work along with the credit union staff to conduct the business of the credit union. Credit Union members must share a common bond: At 1st Community Credit Union our members live or work within our 5-county field of membership or they are related to a 1st CCU member. Credit Unions typically offer higher rates on savings, fewer fees, and lower rates on loans.