Connections is a NOT FOR PROFIT cooperative, established only for the purpose of serving the financial needs of our members. Most financial institutions are operated to make a profit for their stockholders or owners, but credit unions distribute their profits back to their members. Members' savings form a pool of money from which loans are made to other members.
Borrowers are charged a reasonable rate of interest on their loans as a form of rental on the money they are using. This interest provides income to cover operational expenses and build required reserves. After expenses are paid and reserve commitments are met, remaining funds are distributed to members, usually in the form of dividends on savings.
At Connections we strive to stay consistent with the original Credit Union values and culture. It is important to us to keep members first, always providing excellent member-service while looking out for the over-all good. We are proud to exemplify the Credit Union motto "People Helping People".