Routing #323172958
CREDIT UNIONS have members, not customers, and are member-owned. Each person with a base share account at a credit union becomes an equal member of the credit union because their deposit is considered their share of the ownership.
CREDIT UNIONS are democratically controlled. They are run by a volunteer board of directors elected by and from the membership. Each member has one voted in electing board members and certain committee members and can run for election to the board or committees.
CREDIT UNIONS are not-for-profit. This does not mean that they do not or should not make a profit. After expenses are paid and reserves are set aside, surplus earnings are returned to members in the forms of higher dividends, lower loan rates and free or low cots services.
CREDIT UNIONS are part of a worldwide support network that includes credit unions, state credit union leagues, (Go West Credit Union Association), a national trade association (Credit Union National Association) and a worldwide credit union organization (WOCCU). They share ideas, information, and resources.
BANKS can serve anyone in the public. Banks have customers who have no voice in how the bank is operated. Banks are owned by small groups of investors who expect a certain return on their investments.
At BANKS, only the investors have voting privileges. Customers do not have voting rights, cannot be elected to the board, and have no authority in the overall governance of their bank.
In BANKS, only the investors get a share of the profits.
Most BANKS belong to state and national organizations. However, banks usually are reluctant to share ideas, information, and resources.
Online Banking Login
Cottonwood Community Federal Credit Union
1606 Lewiston Street
PO Box 507
Cottonwood, ID 83522-0507
Phone: (208) 962-3451
Toll Free: (877) 920-0200
