Co-op Structure


Your Credit Union membership entitles you to many premium services available only to our select group of members. Since Ripco Credit is a not-for-profit cooperative it operates solely to serve its members. You can be assured that every decision made at Ripco Credit Union is made with our members’ financial well-being in mind.

What is it that makes your credit union so special? Well, first of all, credit unions are committed to providing our members with favorable rates on loans and savings, low fees, personal attention and convenience. Banks, on the other hand, are for-profit financial institutions dedicated to making money for their stockholders, and that’s okay. We’re not saying that banks are “bad”; our focus is just that credit unions are different in our unique member-focused philosophy.

Credit unions are not-for-profit financial cooperatives. We return all excess income to our members in the form of better rates and lower fees. We offer the same financial products as banks, but we do it as a service, not as a source for income. That’s why you’ll notice that our fees are often significantly lower.

We invite you to view our Annual Report for the year ending December 31, 2016.