What is the $25 Par Value?
Since each member of U.P. Connection Federal Credit Union is also a part-owner of the credit union, your $25 par value represents your “share” of credit union membership and must remain as the minimum balance in your share account. This allows you to have an active voice in the credit union’s operations. You have the power to nominate and vote for U.P. Connection Federal Credit Union Board of Directors. In addition, you can vote on other important credit union issues that impact the organization. You also have the ability to volunteer and serve the credit union in other exciting capacities, which enables you to play an active role in the way your financial institution is operated. You won’t find such opportunities with banks.
