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:
Local curlers barred from national championships Prince Albert Daily Herald - Feb 04, 2008 A storybook ending was in sight for Deb Thierman's Prince Albert-based foursome, Sunday at the 2008 Affinity Credit Union Provincial Senior Women's Championship in Assiniboia.
Full Story: http://www.paherald.sk.ca/index.cfm?sid=105040&sc=5
Seattle-based Watermark Credit Union Launches Payday Freedom to Break the Payday Loan Cycle PRWeb - Feb 6, 2008 Seattle-based Watermark Credit Union is excited to announce the launch of its Payday Freedom product, designed to help its members break the payday loan cycle.
Full Story: http://prweb.com/releases/2008/2/prweb677294.htm
MATCU Reaches Out To The 'Unbanked' The Memphis Daily News - Feb 6, 2008 Memphis Area Teachers' Credit Union (MATCU) has launched a second-chance checking program that will target the "unbanked," or people who don't have....
Full Story: http://www.memphisdailynews.com/Editorial/StoryLead.aspx?id=101034
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Connecticut FCU is headquarted in North Haven, Connecticut. Connecticut Transit FCU serves the financial needs of Connecticut Transit employees and their families of the Hartford division. Alaska District Engineers FCU serves all the financial needs of the employees of the U.S. Army Corps of Engineers. Farrel FCU is headquarted in Ansonia, Connecticut. Wallingford Municipal FCU is available to employees of the Town of Wallingford, Visiting Nurse Association of Wallingford, Wallingford Public Library, Holy Trinity School, Wallingford Volunteer Fire Department, and all family members as well. The Greater Norwalk Area Credit Union membership includes anyone who lives, works, or worships in the City of Norwalk or the towns of Darien, New Canaan, Weston, Wilton, and Westport. Howard University Employees Federal Credit Union membership includes employees of Howard University, Howard University Hospital and retirees of HU or HUH. Hartford Federal Credit Union has a membership available to anyone who lives, works, worships, or attends school in any of the 29 towns in Hartford County as well as their immediate family members. Constitution Corporate Federal Credit Union serves the financial needs of its members throught the state of Connecticut. Washington Postal Employees Federal Credit Union serves postal employees within the District of Columbia and their immediate families.
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