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:
Ghana: De-Graft Memorial Methodist Co-Operative Credit Union Support Members AllAfrica.com - Feb 6, 2008 The De-Graft Memorial Methodist Co-operative Credit Union in Kumasi gave out a total of GH¢58,987 as loans to its members last year.
Full Story: http://allafrica.com/stories/200802060126.html
Credit union robbed
The Grand Rapids Press - Feb 8, 2008 ALPINE TOWNSHIP -- Kent County sheriff's deputies were searching for a suspect who robbed the north branch of the Rivertown Community Federal Credit Union on Thursday. Deputies were called to the credit union at 5228 Alpine Ave.
Full Story: http://www.mlive.com/news/grpress/index.ssf?/base/news-40/1202481920315550.xml&coll=6
Man gets 7 years in prison for robbing Rockland financial businesses The Journal News - Feb 6, 2008 NEW YORK - A Staten Island man who robbed a Rockland credit union and other financial businesses was sentenced yesterday to seven years in federal prison.
Full Story: http://lohud.com/apps/pbcs.dll/article?AID=/20080207/NEWS03/802070362
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Greater Hartford Police Federal Credit Union membership is extended to employees of federal, state, county and municipal agencies or departments engaged in the police protection industry who work in Hartford County, Connecticut. Department of Commerce Federal Credit Union is open to anyone who lives, works, or goes to school in Washington D.C. Plus employees of the Department of Commerce and their families. West Haven Municipal FCU serves the employees of the City of West Haven, Connecticut, Notre Dame High School, and their families. Bank Fund Staff Federal Credit Union meets the financial needs of staff members of The World Bank Group and the International Monetary Fund as well as full-time employees of the Bretton Woods Recreation Center. John Wesley Ame Zion Church Federal Credit Union is headquartered at 1615 14th Street, N.W., Washington, DC 20009. First Baptisit Church Stratford FCU is headquarted in Stratford, Connecticut. Bridgeport Police Federal Credit Union serves the employees and families of the Bridgeport Police Department. Regional Water Authority Employees CU is headquarted in New Haven, Connecticut. Tri-Town Teachers Federal Credit Union is available to all employees of the Westport Board of Education, Weston Board of Education, Wilton Board of Education, Wilton Nursing and Home Care, Town of Westport, Westport Volunteer EMS, and their families. New London Municipal Employees Credit Union is headquarted in New London, Connecticut.
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