The Cooperative Principles

Banking with Nusenda Credit Union is different than typical banking experiences because we operate as a cooperative bank, solely for the benefit of our members. We are a not-for-profit organization owned and controlled by our members and guided by seven cooperative principles:


1. Open and voluntary membership

As a voluntary cooperative organization, Nusenda Credit Union welcomes new members without gender, social, racial, political or religious discrimination. Those who volunteer to become members also become owners. As a volunteer member, you use our services and accept the responsibilities of doing so.

2. Democratic member control

As a member, you have an equal share in ownership, including voting rights at our annual meeting. You can exercise your member-owner control by voting for the Board of Directors.

3. Member economic participation

Members contribute to, and control the capital of, our cooperative bank. Simply by using our personal and business banking services as much as possible, you’re making the organization stronger, helping us offer more value to you and your fellow members. Learn more about how you can Earn Your Return.

4. Autonomy and independence

The federal government determines the legislative framework in which we operate, but by increasing your participating in Nusenda Credit Union, you help us stay independent.

5. Education, training, and information

At Nusenda Credit Union, we work hard to keep you informed about our products and services so you can make smart financial decisions. Learn more about our Education & Workshops

6. Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, state, regional, national, and international structures.

7. Concern for community

We exist for the benefit of our members and improve the community in which we live and serve. We demonstrate this commitment in everything we do, most notably through our Earn Your Return and Community Rewards programs, as well as through the Nusenda Foundation.


It’s the banking of the future, available today.

Nusenda Credit Union. The Power of WE®.

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