CREDIT UNION

How do credit unions differ from banks?
A credit union is a member-owned, not-for-profit cooperative.  Credit unions offer the same financial products and services that banks provide, but the busi...
Wed, Nov 6, 2019 at 4:15 AM
How is a credit union governed?
Credit unions are governed by Boards of Directors who are elected from and by the membership of the credit union.  The vast majority of credit union Boards ...
Wed, Nov 6, 2019 at 4:16 AM
What does it mean to be a member/owner?
At a bank, you are a customer, but at a credit union you are a member. All credit union members, regardless of the size of their accounts or the amounts the...
Wed, Nov 6, 2019 at 4:16 AM
What is a credit union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members.   A credit union is made up...
Wed, Nov 6, 2019 at 4:20 AM
When did credit unions start?
The first credit union cooperatives were established in Germany over a century ago.  The credit union movement started in this country in Manchester, New Ha...
Wed, Nov 6, 2019 at 4:20 AM
Who owns the credit union?
A credit union is owned by its members.   Each credit union member owns one "share" of the organization and is an equal owner, no matter how much ...
Wed, Nov 6, 2019 at 4:21 AM
Why should I keep my money in a credit union?
You should keep your money in a credit union because doing so means you are participating in a financial instituion that only serves your interests, not tho...
Wed, Nov 6, 2019 at 4:22 AM