Qualifications   for   unsecured   limit   amounts   have   changed!

See the loan rate page to see what you qualify for.

What is a Credit Union?

A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.

Why Credit Unions Are Different?

Credit unions are different from other financial institutions in many important ways—from the reasons to join to the safety of your money, to who actually owns the credit union!

Members Own the Credit Union!

A credit union is a democratic, member-owned cooperative.  So when you join Redlands City Employees Federal Credit Union, you’re more than a member; you’re an owner—and that means you have a say in how your credit union is run.

A volunteer board of directors, elected by the members, governs a credit union.  With their vote, each member has a direct impact on the directions of the credit union.  As part of the democratic process, each credit union holds an annual election where members select candidates for the Board of Directors.  This is very different from a bank, where stockholders vote according to the number of shares of stock they own.

Credit Unions are Not-for-Profit

Credit unions are not-for-profit and exist to help people, not to make a profit.  As such, all earnings are returned to their members in the form of higher interest savings and lower rate loans.

This also enables credit unions to operate at a lower cost than many for-profit institutions, and helps them to offer competitive loan and savings rate to their members.

Credit Unions Put People First

Credit unions live by the philosophy of “People Helping People.”