Why Join?

The Credit Union Difference

Although credit unions offer similar products and services to banks, credit unions have some key differences. Credit unions are composed of members that take part in a not-for-profit, full service financial cooperative that shares its successes with its members.

Benefits for You

This cooperative structure enables Fort Lee Federal Credit Union to distribute profits back to you through:

  • Higher savings dividends
  • Lower loan rates
  • Low or no fees for services
  • Financial education for you and the community
  • Financial and volunteer support for the community

crowd holding signs listing credit union benefits

Your Voice Counts

As a member, you are an owner of the credit union, and you have an equal voice to all other members. As a member-owner, you can vote annually for the Board of Directors.

Differences at a Glance

Listed below are some key differences between credit unions and banks:

Credit Unions


Common bond to join



For profit



Board of Directors elected by members

Board of Directors elected by stockholders

Board of Directors are volunteers

Board of Directors are paid

Member Owned (one vote per member)

Stockholder Owned (no votes for customers, only stockholders)

Fewer to no fees

Fee Driven