Who can join a credit union? Anyone can join a credit union! But there are some rules about which credit union you are allowed to join.
Members are united by a common bond of association. This means that they have something in common. This "common bond of association" is how a credit union's field of membership is decided.
A field of membership is a group of people who qualify as members of a credit union, limited by law to those who have a common bond. For example, a field of membership can be made of people who:
- Work for the same company
- Live in the same city, county, or zip code area
- Attend or work at the same school
Ask your parents why they belong to their credit union!