Credit unions are member-owned financial cooperatives, and membership is typically based on a "field of membership." This could include:
- Employment at a specific company or industry.
- Membership in a particular organization or association.
- Residency in a certain geographic area.
- Family or household ties to an existing member.
Essentially, if you meet the eligibility criteria set by the credit union, you can join by opening an account and often paying a small membership fee or deposit.
