Credit unions are distinctly different from banks. Tidemark Federal Credit Union, for example, can address all of your financial, insurance and retirement planning needs, but we're structured as a not-for-profit institution owned by members. That means members have a vote each year at our annual meeting and voice in how we do business. Plus, because we don't have stockholders to please, our excess profits are returned to members as higher dividends on savings accounts, lower loan rates and additional services.
Tidemark Federal Credit Union members have something in common, whether it's where they work, live, attend school or volunteer in specific parts of Delaware and Maryland. Everyone believes in our mission of people helping people and providing a safe, convenient place to save money and get affordable loans.
Like other financial institutions, we are closely regulated, but unlike some financial institutions, we operate in a fiscally responsible manner. The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members up to at least $250,000 at thousands of federal and state-chartered credit unions nationwide. In fact, your accounts can be structured to provide even more federal deposit insurance, up to $2.5 million for a family of four.
At our essence, we prioritize you and consider the well-being of all members with every decision we make.