It is a great movement, worthy of great deeds, deserving of great loyalty. ~ Edward Filene
Credit unions are not-for-profit financial institutions, with services similar to, but cultures different from, banks. The association of credit unions is international and cooperative, supporting many developing communities and nations through outreach programs and expanded services.
Shambhala Credit Union is an anomaly, surviving the 2008 downturn against conventional odds. Considered a poster child for the credit union movement, we are fondly referred to as “the little credit union that could”. Indeed, we are the last, state-chartered, credit union with less than $50 million in assets left in Colorado.
What is different about credit unions?
- voluntary membership
- service to the community
- social commitment fosters loyalty
- all profits are distributed equally
- goal of financial stability for society as a whole