The Board of Directors are democratically elected from among the members, and each member is entitled to one vote — regardless of the amount of deposits with the Credit Union. Credit unions are not-for-profit and there are no outside stockholders. That means all excess profits are returned to the members in the form of higher savings rates, lower loan rates and lower fees for services than most other financial institutions. Credit unions are well noted for the high level of service provided to their members — and Howard County Education FCU is no exception!