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What's a Credit Union

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  1. Membership
  2. What's a Credit Union
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Crow Wing Power Credit Union is Not-for-profit.

A credit union is a financial cooperative, owned and controlled by its members. Unlike a bank or other savings institution, it is not-for-profit, which means that earnings are returned to members in the form of better rates on their savings and loans, or are invested in new or improved services.

All members of a credit union have something in common. Once you purchase a share in the credit union, you become a member. As a shareholder, you help to set the policies and direction of the Credit Union by electing the board of directors on a one-member, one-vote basis.

Only members can borrow from credit unions. Credit unions specialize in consumer loans for cars, vacations, education, home improvements, personal emergencies, and other needs – often at interest rates lower than those of other lenders

 

Safe Saving with Crow Wing Power Credit Union

The declines in the stock market have no direct effect on Crow Wing Power Credit Union. By law, credit unions are not allowed to invest in the stock market or other speculative type investments. Members’ savings are mainly reinvested in loans to fellow members and debt obligations backed by the U.S. government.

Accounts at Crow Wing Power Credit Union, are insured by the National Credit Union Administration. Savings accounts are insured up to $250,000.00. 

In this current environment of economic uncertainty, there is one thing you can be sure of. Crow Wing Power Credit Union continues to be one of the safest places to place your hard-earned savings.

 

Need to talk to us? Here's where and when.

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Crow Wing Power

Peoples Security Company

Disclosures & Privacy Policy

Contact Info

Crow Wing Power Credit Union
P.O. Box 962
Brainerd MN 56401

Phone Numbers
Local - (218) 825-2208
Toll-free - (877) 563-3072
Fax - (218) 822-2678

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APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed.

 

Important Numbers

Routing # 091981688
NMLS # 408088
Lost or Stolen Debit Card - (800) 472-3272

 

©2023 CWP Credit Union. All Rights Reserved.

  • Home
  • Membership
    • About Us
    • Become a Member
    • Contact Us
    • News & Events
    • What's a Credit Union
    • Board of Directors
  • Deposit Accounts
    • Certificates
    • Checking
      • Digital Wallet
    • IRA's
    • Savings
  • Loans
    • ATV & RV Loans
    • Boat & Vehicle Loans
    • Construction Loans
    • Home Equity Loans
    • Mortgage Loans
    • Personal Loans
  • Resources
    • ATM's & Check Reorder
    • Disclosures, Fees & Links
    • Employment Opportunities
    • Hours & Location
    • Power Teller
    • Security Center