Credit Unions only Credit Unions and under

Credit Unions

4 Articles on 1 Pages
  • Credit Unions -- Basics and membership
    Credit unions are a type of banking institution in which the customers own and control the credit union. Credit union members elect a voluntary Board of Directors to manage the policies set by the charter of the credit union. Only a credit union member may deposit money, borrow money or use the other services of the credit union. Credit unions market themselves on the premise that they provide better service to the members because they are member owned.
    published by Nathan.Smarty 19 years ago
  • The Role Played by Credit Unions
    The philosophy behind credit unions sets them apart from other financial institutions. Credit unions are not for profit financial institutions that operate like an economic coop to service its members, who are member owners of the credit union. Credit unions look out for their members’ interests and provide a level of service that is not generally available at other financial institutions. Like other financial institutions credit unions make loans to members but also offer financial counselling and act as a community organization.
    published by Sally.Anderson 19 years ago
  • The Benefits of Being a Credit Union Member
    Credit Unions are technically open to everyone, but the intended member must be a member of a club or organization that sponsors the credit union. Credit union members are partial owners of these financial institutions and are also voting members regarding the policies of the institution.
    published by Sally.Anderson 19 years ago
  • Credit Unions Differ From Banks and Savings and Loan Institutions
    A credit union is a hands on cooperative financial institution, owned and controlled by its membership that. Credit unions serve common interest groups, such their place of work, the community they live in, or the church they attend. Credit unions are not-for-profit, and exist as an alternative to banks to provide a safe, convenient place for members to save money and to get loans and other financial products at reasonable rates.
    published by Sally.Anderson 19 years ago
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