What is a Credit Union?
A credit union is a group of people who save together and lend to each other at a fair and reasonable rate of interest. Credit unions offer members the chance to have control over their own finances by making their own savings work for them. Regular savings form a common pool of money, which in turn provides many benefits for members.
The definition most commonly seen is: A financial cooperative organizations of individuals with a common affiliation (such as employment, labor union membership, or place of residence). Credit unions accept deposits of members, pay interest (dividends) on them out of earnings, and primarily provideconsumer installment credit to members.
Find more information on credit union banking services.
Learn more about Credit Union Leagues.
What are they? Where are they located? Members?
Would you like a free mortgage quote? Refinance, Home Equity, Debt Consolidation, or Purchase.
We have found that alot of people are interested in refinancing or getting a mortgage from a credit union. So we decided to look up the larger credit unions and do a review of their mortgage services. Now remember we are not associated to any credit unions, we just believe that credit unions offer better customer service than banks do.
With more than 70 years of experience and over 650 thousand members, Pentagon Federal Credit Union is one of the strongest credit unions in the world.
Since 1933, Navy Federal Credit Union has grown from seven members to become the largest credit union in the world with over 2.8 million members.
With 20 branches in New York, ESL Federal Credit Union offers deposit accounts, credit cards, & investment products.
The second largest financial institution in Alaska is Alaska USA Federal Credit Union with over 275 thousand members.
Oklahoma's largest credit union, Tinker Federal Credit Union, serves the employees of over 400 area companies.
GTE Federal Credit Union
Offering loans in California, Arizona, & New Mexico Arrowhead Credit Union offers varied mortgage preograms.
Municipal Credit Union
Articles:
Should you consider a Debt Consolidation Loan?
Are you interested in learning about what is happening in the Credit Union and Banking Industry?
We have gathered news about credit unions. We plan to develop this section more over the next couple months. Check back for the updates.
Credit Union Headlines:
Police: Couple Captured After Bank Heist
WGAL 8 Susquehanna Valley - Feb 8, 2008 LOWER PAXTON TOWNSHIP, Pa. -- A York couple was arrested shortly after police said they robbed a bank in Dauphin County on Wednesday. State police said Davon Roberts and Latrish Gary held up the Members First Credit Union on Hershey Road around noon.
Full Story: http://www.wgal.com/news/15242598/detail.html?rss=lan&psp=news
Credit union members compensated BBC News - Feb 6, 2008 Members of a Wrexham credit union which collapsed are told they will receive full compensation.
Full Story: http://news.bbc.co.uk/1/hi/wales/north_east/7231199.stm
ESL credit union HQ to leave Irondequoit
MPNnow.com - Feb 8, 2008 The company will retain its 19 branches, including the one in Irondequoit, but will relocate its administrative offices.
Full Story: http://www.mpnnow.com/news/x1992199875
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Mt. Airy Baptist Church FCU offers a share account which must be opened in order to receive other products and services offered by this Credit Union. In order to open an account the member must purchase one (1) share (par value of $5.00 is the minimum balance required for continuous membership) plus a $2.00 membership fee. South End Mutual Benefit Association Credit Union is headquarted in Hartford, Connecticut. Constitution Corporate Federal Credit Union serves the financial needs of its members throught the state of Connecticut. Brand-Rex Employees Credit Union is headquarted in Williamantic, Connecticut. West Haven VA Employees Federal Credit Union is headquarted in West Haven, Connecticut. Clara Barton FCU serves the American Red Cross employees and retirees and American Red Cross volunteers. Tombstone FCU currently serves residents of Cochise county, and those who work, worship or attend school in Cochise county. Workers Federal Credit Union serves the financial needs of anyone who lives or works in the towns of Stafford, Ellington, Somers, Tolland, Ashford, Willington or Union. Consolidated Controls Corporation Federal Credit Union is headquarted in Bethel, Connecticut. Miracle Faith FCU is headquarted in Monroe, Connecticut.
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