UMassFive College Federal Credit Union
- Banks and Financial Institutions
Being a non-profit financial co-operative means UMassFive operates as an association of people coming together for a common purpose. Members pool deposits then loan those deposits to other members. The seven co-operative principles guide all that we do and helps define our culture and promise to you, the member.
What This Means For You
? By having an account at UMassFive you are a member-owner of the Credit Union.
? You have one share of the Credit Union which allows you to vote for our volunteer board of directors.
? As a member in good standing, you are allowed to run for the volunteer board of directors.
? All the profits of the Credit Union are returned to you, the member in the form of higher dividends, lower loan rates and fees, and improved services.
? Voluntary and Open Membership
? Democratic Member Control
? Member Economic Participation
? Autonomy and Independence
? Training and Information
? Co-operation among co-operatives
? Concern for community