With that the bank customers happily withdrew their money and set up shop on their own, making everyone an owner and paying themselves more interest on deposits and charging less on loans than banks because they didn't have to make sure big profits would go to a select few. What have these bank customers done? They've formed a union among themselves to extend credit to one another. In other words, they've created a credit union.
Services
Our field of membership consists of any employee of the Metropolitan Board of Education (Active or Retired) and any member of the employee's family. The Utilization of the Streamlined Expansion Procedure (SEP).
Groups of persons with occupational bonds which are located within the credit union's approved occupational area, which have provided a written request for service to the credit union, which do not presently have credit union service available.
Groups of persons with occupational bonds which are located within the credit union's approved occupational area, which have provided a written request for service to the credit union, which do not presently have credit union service available.
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