A credit union is a not-for-profit financial cooperative, owned by its members. Yes, Inner Lakes Federal Credit Union offers loans, checking and savings accounts, and other financial services that banks offer. But we're quite different from any bank. Because we are member owned and not-for-profit, we exist solely to serve our members and provide a smart alternative to profit-driven banks and other institutions. At Inner Lakes Federal Credit Union, each dollar of income is passed along to our members in the form of higher dividends on savings, lower interest on loans, or new and improved services.