A credit union is a financial institution where people conduct financial transactions, but it is not a bank. A credit union is a non-for-profit, financial co-operative owned and operated by its members with a two-fold purpose

1. To encourage thrift through savings and;

2. To provide loans and other services to its members

The members pool their financial assets to provide funds for loans and a variety of other financial services. Every member has a say in how their credit union is run, through their elected, all-volunteer board of directors. All members can vote, and each member gets only one vote, no matter how much business that member does with the credit union. The members decide on policies that best safeguard or ensure their own best interests. The essential difference between credit unions and other financial institutions is that credit unions are co-operatives that exist to serve their members. They are dedicated to the credit union motto:

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New Century Federal Credit Union was granted a federal charter on April 13, 1936. The mission of our credit union is to become a primary financial institution, dedicated to providing the highest quality service at the lowest possible cost in order to meet the changing needs and desires of our members You may join our credit union if you meet our field of membership, or if one of your family members is already a member of the credit union. Deposit $25.00 in a Regular Share Account (Savings Account) and then all of the services of the credit union become available to you. Accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.