About Connections

Connections is a NOT FOR PROFIT cooperative, established only for the purpose of serving the financial needs of our members. Most financial institutions are operated to make a profit for their stockholders or owners, but credit unions distribute their profits back to their members. Members' savings form a pool of money from which loans are made to other members. Borrowers are charged a reasonable rate of interest on their loans as a form of rental on the money they are using. This interest provides income to cover operational expenses and build required reserves. After expenses are paid and reserve commitments are met, remaining funds are distributed to members, usually in the form of dividends on savings.

At Connections we strive to stay consistent with the original Credit Union values and culture. It is important to us to keep members first, always providing excellent member-service while looking out for the over-all good. We are proud to exemplify the Credit Union motto "People Helping People".

Credit Union FAQs

People who have never been a member of a credit union often have some questions about how they can own the institution where they do their banking. We've provided answers to some of the basics here.

  • What's a credit union?
  • Who owns a credit union?
  • How did credit unions start?
  • What is the purpose of a credit union?
  • Are savings deposits insured?
  • Who can join a credit union?

What's a Credit Union?

Who owns a credit union?

How did credit unions start?

What is the purpose of a credit union?

Are savings deposits insured?
Yes. All savings accounts are insured to at least $250,000 by the NCUA, the National Credit Union Administration, a U.S. Government Agency.

Who can join a credit union?
A credit union exists to serve a specific group of people, such as a group of employees or the members of a professional or religious group. This is called a "field of membership." The field of membership may include where they live, work, worship, shop or their membership in a social or economic group. Our current membership includes Ada, Bannock, Bingham, Bonneville, Canyon, Jerome, Minidoka and Twin Falls counties.