What is a Credit Union?   A credit union is a cooperative, non-profit association, incorporated in accordance with the provisions of the Kentucky Credit Union Law or the Federal Credit Union Act.  Its purpose is to create a source of credit for its members at a fair and reasonable rate of interest, and at the same time encourage habits of thrift and provide the opportunity for people to mutually benefit from use and control of their savings.   Based on principles of brotherhood, economic democracy and individual self-help, credit unions serve people who are united by a common bond of association, employment, residence or membership in the same church or organization.   Creating financial peace of mind, satisfaction and economic stability for its members is the mission of every credit union.  Credit unions are greatly influenced by the realization that a good financial life is possible only as the result of systematic savings and the prudent use of your resources.  By encouraging intelligent use of credit, through education and low-cost loans to its member-owners, a credit union is able to increase its members' moral responsibility and enhance their individual dignity.