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:
VFCU expands in Cameron County
The Brownsville Herald - Feb 17, 2008 VFCU, a member-owned cooperative financial institution since 1935, has expanded services to include all Cameron County residents.
Full Story: http://www.brownsvilleherald.com/news/promotion_84497___article.html/vfcu_home.html
Seattle-based Watermark Credit Union Launches Payday Freedom to Break the Payday Loan Cycle PRWeb - Feb 5, 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://www.bizjournals.com/twincities/stories/2008/02/04/daily21.html%3fana=from_rss
The Gift of Life
Westerly Sun - Feb 8, 2008 Give blood at an upcoming blood drive and help The Rhode Island Blood Center meet its daily demand.
Full Story: http://www.thewesterlysun.com/articles/2008/02/09/front_porch_news/doc470108f5a6e74625295911.txt
Pages recently updated:
Tacomis Federal Credit Union is headquartered at 500 E Street, SW, Washington, DC 20436. MiddConn Municipal Federal Credit Union membership is open to employees who live, work, worship or attend school in Cromwell, Durham, East Hampton, Haddam, Middlefield, Middletown, and Portland including all the villages of each town. Bashas Associates FCU is available to employees of one of Bashas' Family of Companies. Groton Municipal Employees FCU offers its Membership to Groton municipal town and city employees as well as the surrounding Fire Departments and the Groton Board of Education. Connecticut Postal Federal Credit Union is headquarted in New Britian, Connecticut. Maricopa Santa Fe FCU 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. St. Vincent's Medical Center FCU is open to Employees, doctors, medical staff, technicians, and volunteers of St. Vincent's Health Services and affiliated subsidiaries as well as other healthcare providers in the area. Torrington Municipal And Teachers FCU those who live, work, worship, volunteer or go to school in Litchfield County, or if someone in your family belongs to the Torrington Municipal & Teachers Federal Credit Union. Bashas Associates FCU is available to employees of one of Bashas' Family of Companies. Dutch Point CU serves the financial needs of the people who live in, work in, regularly conduct business in, worship in or attend school in Hartford, Middlesex, New Haven, or New London counties.
|