a Credit Union?
A credit Union is a
"not for profit" financial institution that is owned by
its members. Only members can borrow money from it and only members
can deposit money in it. It is owned solely by its members and
operated solely for their benefit.
do I join a Credit Union?
To join a Credit Union,
you must be eligible for membership. Each institution decides who it
will serve. Most credit unions are organized to serve people in a
particular community, group or groups of employees, or members of an
organization or association.
What is the
difference between a Credit Union and Bank?
Since Credit Unions are
"not for profit" they exist primarily to provide benefits
to the members and they have different regulatory requirements that
may permit them to offer interest rates and other terms that may be
more favorable than those offered by a bank.
How can I
find a Credit Union to join?
Union's charter defines its field of membership which could be an
employer, church, school or community. Anyone working for an
employer that sponsors a Credit Union, is eligible to join that
credit union. Here are some ideas - Ask your boss - Poll your family
- Quiz your neighbors -Check the yellow pages or contact us
will be more than glad to assist you finding a Credit Union near
can a Credit Union offer me?
Credit unions offer a
full line of financial services such as Visa, Master Card, Personal
Loans, Auto Loans, Mortgage Loans, Investment Advisors, Safe Deposit
Boxes, ATM's, Debit Cards, Online Lending, Insurance Products as
well as many other services - normally at lower rates than those
offered by banks.
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