Credit Union is
an organization made up of people with a common bond. They save
together and use the savings to provide their fellow members with
low cost loans, when needed.
A credit union is "not for profit, not for charity, but for service." This is where Credit Unions differ from all other savings and borrowing organizations. Members, through savings in their share accounts are the owners of the credit union. Profits from the credit union are paid back to the members in the form of dividends, services, and reserves.
The Credit Union is owned by its members. Credit Unions are run under the direction of the Board of Directors who are elected by members. The Board sets policy. The Credit Union also has a Credit Committee that can review loans. The Supervisory Committee is involved in internal controls. These are all volunteer positions.
The membership of this Corporation shall include: Persons who live, work, volunteer, worship, or attend school in, and businesses located in, Clearwater, Latah, Lewis and Nez Perce Counties in Idaho; city, county, state and federal employees in Asotin and Garfield Counties in Washington; and members of their immediate family or household.
Clearwater Credit Union is a not-for-profit, member-owned, financial cooperative. We provide services to benefit the members, while maintaining a balance between financial stability and growth.
American Share Insurance privately insures this credit union. This credit union is not federally insured, and if this institution fails, the federal government does not guarantee that depositors will get back their money.
6.5% APR OAC