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:
Credit union to serve Hispanic workers
New Orleans Times-Picayune - Feb 17, 2008 The recently refurbished Mid-City strip shopping center that is home to Rock 'n' Bowl is about to get another unique tenant: an "all Latino" credit union office where every employee speaks Spanish and English and all documents are printed in both languages.
Full Story: http://www.nola.com/news/t-p/metro/index.ssf?/base/news-27/1203315686106280.xml&coll=1
ESL credit union HQ to leave Irondequoit
MPNnow.com - Feb 8, 2008 The company will retain its 19 branches, including the one in Irondequoit, but will relocate its administrative offices.
Full Story: http://www.mpnnow.com/news/x1992199875
Shelter says it will rescue threatened dogs The Telegraph - Feb 04, 2008 EDWARDSVILLE — An animal organization today will rescue a pair of dogs that were slated to be destroyed after they mistakenly wandered into a Bethalto credit union.
Full Story: http://www.thetelegraph.com/news/dogs_10681___article.html/animal_control.html
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Northeastern Connecticut Health Care Credit Union is headquarted in Putnam, Connecticut. Bridgeport Hospital FCU serves all employees of Bridgeport Hospital as well as several other companies in the health care network. Franklin Trust Federal Credit Union serves the financial needs of many companies and their employees throughout Connecticut. American Mutual CU is headquarted in Bloomfield, Connecticut. Winslow School Employees Federal Credit Union is available to all employees of Winslow Schools. Lawrence Memorial Hospital Employee FCU offers membership to employees and staff of Lawrence & Memorial Hospital, Pequot Medical Center, Flanders Heath Center, employees of Nursing & Convalescent Homes in New London County, and members of their immediate families. Curtis FCU is headquarted in Bridgeport, Connecticut. Consolidated Controls Corporation FCU is headquarted in Bethel, Connecticut. Greater Watertown FCU is available to any persons who live, work, worship, or attend school in the towns of Watertown, Waterbury, Middlebury, Woodbury, Bethlehem, Thomaston, Morris, or Oakville, Connecticut. Quinnipiac Valley Community Federal Credit Union serves those who live, work, worship, attend school in or businesses located in the Town of Wallingford, Connecticut.
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