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:
Cheney students join the Moola Moola Club Credit union opens a branch inside elementary school The Ann Arbor News - Feb 6, 2008 Robert Mallory, a 5-year-old Cheney Academy Head Start student, played a big role in the opening of T&C Federal Credit Union's newest branch.
Full Story: http://www.mlive.com/news/annarbornews/index.ssf?/base/news-26/120231243943770.xml&coll=2
Pay-out for credit union customers Channel 4 - Feb 6, 2008 Thousands of people who lost their savings when two credit unions collapsed will receive compensation, it has been announced.
Full Story: http://www.channel4.com/news/articles/business_money/payout+for+credit+union+customers/1497547
Lowell police cracking down on crime Lowell Sun - Feb 6, 2008 LOWELL -- Robbers hit six banks since November. Three were "just doors down the road" from Mike Kijanka. "Too close for comfort," said Kijanka, a vice president at Jeanne D'Arc Credit Union at 658 Merrimack St.
Full Story: http://www.lowellsun.com/ci_8185186
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Newington VA Federal Credit Union is headquarted in Newington, Connecticut. Wallingford Municipal Federal Credit Union 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. Deer Valley CU serves any resident who lives, works or worships in Central, North and Northwest Phoenix. Connecticut Energy Employees CU is headquarted in Bridgeport, Connecticut. Norwalk Postal Employees FCU is headquarted in Naugatuck, Connecticut. Pepco FCU serves permanent full time employees of the Potomac Electric Power Company or its corporate Affiliates who work in Washington DC, Maryland, or Virginia. Workers FCU serves the financial needs of anyone who lives or works in the towns of Stafford, Ellington, Somers, Tolland, Ashford, Willington or Union. CU West is open to anyone who lives, works, or worships in Maricopa County. West Hartford CU is headquarted in Farmington, Connecticut. Santa Cruz County School Personnel Credit Union is headquartered in Nogales, Arizona.
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