The credit union is operated by unionized employees under UAW
The credit union is operated by unionized employees under UAW Local 913, which is a plus over other banking institutions whose staff earn barely more than minimum wage. In addition to accounts being federally-insured, insurance is also purchased from Lloyds of London in the United Kingdom. As a result, depositers have an extra cushion of protection. Another plus is one free money order per accountholder per day. One caveat is that a minimum balance must be maintained or else account maintenance charges are assessed. In this regard, the federal savings and loan is a better place to keep a small savings account.
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