One of the ways Willis-Knighton Federal Credit Union demonstrates our uniqueness in the financial services world is by holding our Annual Meeting with our member-owners. Everybody knows that being a member-owner is better than being just a customer, right?
“At a credit union, the members are in control.” It’s a great slogan, but do you know what it means? You’re probably aware it doesn’t mean you can walk into a credit union branch and make changes to the décor or dress code. You also can’t declare Thursdays to be mandatory luau days, unfortunately. Members, though, are in control of their credit union. Each member literally owns a small piece of the credit union by simply opening a savings account. Every member gets one vote at the credit union’s annual meeting to select the Board of Directors, which means that making members happy is a credit union’s first priority. In contrast, banks are owned by their shareholders. So making customers happy might be important to a bank, but a bank’s main goal is to turn a profit.
Here are 4 ways credit unions are different from banks:
Each credit union does things a little differently for their Annual Meetings. In the past, we have had night meetings, then meeting during the day at our Event Center and now, for safety reasons due to COVID-19 restrictions, we have the Drive-Thru, Stay-In-The-Car Annual Meeting.
This year you can go to either branch to participate.
At the Shreveport Branch -- Drive to the front of the Loan Center
At the Bossier Branch -- Drive Thru the Parking Area Behind the Building
There is no need to park and get out of your car. We will come to you.
There is no need to pre-register this year.
(Must be a member to receive a gift and lunch, register for cash prizes and vote in the Board of Directors Election. Gifts and lunch available while supplies last.)
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