Credit unions like Savings & Loans exist to serve their members (who are owners, not just customers). Of course we need to make profits – it would be irresponsible of us not to – but any money we make is used to provide great value products, make sure our members receive high levels of service and keep our interest rates competitive.
Savings & Loans supports the Mutual Banking Code of Practice. Developed for credit unions and introduced by Abacus, the Mutual Banking Code of Practice outlines our key promises to you, our members, on how we will operate fairly and ethically.
Not having to provide shareholders with dividends or higher share prices means that we can devote more time, energy and money to strengthening our community and environment.
In fact, we’ve entered the Corporate Responsibility Index – an international comparison of community and environmental programs – three times and received three Silver Stars for our efforts. See our Corporate Social Responsibility Report for more details on our environmental and social commitments.
