We are sure you will too. Different than a bank, our customers are members. Meaning – when you do business with allUS, you’re an owner.
So, when allUS makes a profit it directly benefits our membership. That translates into higher savings rates, lower loan rates and lower fees to our members. The role of the CEO of our credit union, a financial cooperative, is to create wealth for its Members and the community where they live – right here, in Monterey County! Most importantly, your dollars stay in Monterey County when you invest or borrow from allUS. Not for profit, not for charity, but for service, quality and value. That is the credit union motto.
Managers want to get the best return for every deposited dollar, wherever they can get it. Business Week reported that many national banks use the subsidies they enjoy from U.S. taxpayers and buy mortgage securities and other investments outside of the country because they can get a better return there than stateside. National banks normally extract wealth out of the Salinas Valley and invest it outside of our community.