There’s a big difference between simply having a financial institution — and having a financial institution that truly cares about you. As a credit union, we exist solely to serve the diverse financial needs of our members — people like you. In fact, ALEC is owned by the very individuals it serves — not private investment groups or public shareholders. That’s an important distinction from many other financial institutions. As a not-for-profit financial co-operative, after paying our credit union’s expenses and setting aside its mandated reserves, we return the money that’s left over right back to ALEC members. That giveback takes the form of lower rates on loans, higher rates on savings, reduced or eliminated fees, and more and Read more