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:
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
Corporate America CU to resell SecureWorks security services Finextra - Feb 6, 2008 SecureWorks, one of the market's leading Security-as-a-Service providers, has partnered with Corporate America Credit Union (CACU) who will resell ...
Full Story: http://www.finextra.com/fullpr.asp?id=19748
Police blotter
The Journal News - Feb 16, 2008 Manhattanville Road: A former employee of the Quorum Federal Credit Union was accused Wednesday of withdrawing about $8,000 since January from a credit union account she had been "funding" with bad checks.
Full Story: http://www.lohud.com/apps/pbcs.dll/article?AID=/20080217/NEWS02/802170368
Pages recently updated:
FRB FCU serves current and retired employees of the Federal Reserve Board; employees of the Federal Reserve Banks permanently stationed in Washington, D.C.; the Board of Governors of the Federal Reserve System; and employees of the credit union. Hartford FCU 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. Maricopa Santa Fe Federal Credit Union serves the employees of Burlington Northern Santa Fe Railroad who work in or are supervised from Maricopa, Yuma, or Yavapai Counties, Arizona, their immediate families and organizations of such persons. John Wesley Ame Zion Church Federal Credit Union is headquartered at 1615 14th Street, N.W., Washington, DC 20009. West Haven VA Employees Federal Credit Union is headquarted in West Haven, Connecticut. United Business & Industry Federal Credit Union is open to individuals who live, work and worship or attend school in Hartford County, Connecticut, including all businesses. ASA Federal Credit Union was created to meet the financial needs of members of the Automotive Service Association (ASA), Connecticut Towing & Recovery Professionals, or Jacobs Vehicle Systems. First Baptisit Church Stratford Federal Credit Union is headquarted in Stratford, Connecticut. District of Columbia Teachers Federal Credit Union is eligible to all employees of The American Federation of School Administrators, The American Federation of Teachers, AFL-CIO (Washington, D.C.), The Council of School Officers, Local 4, AFL-CIO, D.C. Public Schools, D.C. Public Charter Schools, D.C.P.S. Board of Education, The University of the District of Columbia, and the Washington Teachers' Union, Local. First Bristol FCU offers membership to anyone who live, work, worship or attend school in, and businesses and other legal entities located in Bristol, Connecticut.
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