Credit unions are democratically owned and controlled institutions based on 'people helping people' principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.

NBA History

Established in 1972 as a not-for-profit cooperative, NBA Credit Union is a full service financial institution providing consumer-banking services to employees of Corporate Member employer groups of all sizes. The NBA Credit Union is a state chartered, federally insured institution.