A credit union is a cooperative financial institution, owned and
controlled by the people who use its services. These people are
members. Credit unions serve groups that share something in common,
such as where they work, live, or go to church. Credit unions are
not-for-profit, and exist to provide a safe, convenient place for
members to save money and to get loans at reasonable rates.
A credit union is similar to a bank, as they both accept deposits
and make loans. But banks are in business to make a profit. Banks
and savings & loans are owned by groups of stockholders whose
interests include earning a healthy return on their investments.
Your account at Union Yes 
Federal Credit Union is insured by the National Credit Union Administration,
an agency of the United States Government. Each member is insured
up to $250,000. Individual Retirement Accounts (IRA) accounts
are insured separately for an additional $250,000. During the
long history of government-protected deposit insurance coverage
no member has ever lost any of their insured savings held on deposit
at a federally insured credit union.
