Cambridge Municpal Employees Federal Credit Union differs from banks and other financial institutions in that those who have accounts in the credit union are its members and owners, and they elect their board of directors.

Credit unions see themselves as different from mainstream banks, with a mission to be community-oriented and serve people, not profit. (Wikipedia, 2013)

All deposit accounts are insured up to $250,000.00 by the National Credit Union Administration (NCUA).