New Century Credit Union is a not-for-profit financial cooperative. We exist to serve our members, not to make a profit. Unlike most other financial institutions, NCCU does not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to our members in the form of lower loan rates, higher interest on deposits and lower fees.

Credit unions are exempt from State corporate and Federal income taxes, because of our not-for-profit structure. We do, however, pay real estate, property, payroll and sales taxes. This tax savings benefits our members by directly lowering the cost of financial services.

NCCU is governed by a board of directors, elected by and from our membership. Board members serve voluntarily.

Credit Unions are economic democracy. Each credit union member has equal ownership and one vote—regardless of how much money a member has on deposit. At NCCU, you are a member and an owner!