
Credit unions, like the Financial Trust Federal Credit Union, are financial cooperatives that are operated solely for the benefit of their members. Unlike banks, credit unions are not-for-profit organizations, so the primary focus is on how we can finest benefit our members' economic well-being, not on making a profit. When you become a member, you become an owner of the credit union. So each member/owner has a voice in how the credit union is owned and can gain dividends, depending on how profitable the credit union is.