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
A year of surprises in Shawna Nelson case leads to murder trial
Greeley Tribune - Feb 17, 2008 A lot has transpired since the night of Jan. 23, 2007, when police found Heather Garraus shot to death in the parking lot of the Colorado State Employee's Credit Union in Greeley.
Full Story: http://www.greeleytrib.com/article/20080217/NEWS/439970036/-1/rss02
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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Meriden Postal Employees Federal Credit Union is headquarted in Wallingford, Connecticut. Huachuca FCU serves persons who live, work, worship or attend school in and other legal entities located within Cochise County, Arizona. DVA FCU is open to all Department of Veterans Affairs (VA) Central Office employees and their subsidiaries. Greater West Haven Federal Credit Union serves the financial needs of those who live, work, worship, volunteer or attend school in West Haven. Mckesson FCU offers membership privileges to many employees of companies including residents of the south end of Stratford, CT. DVA Federal Credit Union is open to all Department of Veterans Affairs (VA) Central Office employees and their subsidiaries. AFL CIO Employees Federal Credit Union provides services to employees of the AFL-CIO, affiliates of AFL-CIO International Union, constitutional departments of the AFL-CIO, state and local central labor bodies. Quinnipiac Valley Community FCU serves those who live, work, worship, attend school in or businesses located in the Town of Wallingford, Connecticut. West Haven Municipal FCU serves the employees of the City of West Haven, Connecticut, Notre Dame High School, and their families. First Credit Union serves families and employees of many businesses throught the state of Arizona.
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