Credit unions are non-profit and exist to help people, not to make a profit. As such, all earnings are returned to their members in the form of high-interest savings and low rate loans.
A volunteer board of directors, elected by the members, governs a credit union. With their vote, each member has a direct impact on the direction of the credit union. Also, "people helping people" is the credit union philosophy.
A credit union's goal is to serve all of their members equally and provide charitable contributions to their community. Credit unions are owned by their members. Each member gets one vote and an equal say in how the credit union is run.
Explain how this can be done (in-person, by phone, or online). Describe what type of information the person must provide (check number, the date the check was written, the amount of the check, and the name of the payee). Mention any fees associated with placing a stop payment on a check. Mention any situations in which a stop payment cannot be put on a check and whether the stop payment can be removed.
Your money is insured by the National Credit Union Administration (NCUA), an independent agency of the United States Government. Your savings is federally insured up to $250,000 and backed by the full faith and credit of the United States Government.
Note: You might want to include a link to the NCUA’s Your Insured Funds at http://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUAYourInsuredFunds.pdf