Credit Unions are formed to provide non-profit, discount financial services to groups of individuals who share a common bond. When individuals who share a common bond join a credit union, they are called members. These members are the actual owners of their credit union. And because the credit union was formed to serve them, there are no other stockholders. Any earnings from the credit union are returned to its members in the form of lower loan rates, higher savings rates, and lower fees for financial services.