A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people serving people, providing its members credit at competitive rates as well as other financial services. Being a not-for-profit organization, the earnings of a credit union are paid back to the membership with lower loan rates and higher savings rates. It’s simple. Calhoun Liberty Employees Credit Union provides all the benefits of a member owned financial institution to anyone who lives or works in Calhoun or Liberty Counties. And if you qualify then so do immediate members of your family.