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:
PSCU adds local to board The Fort Collins Coloradoan - Feb 6, 2008 Bob Hoel of Windsor, former chairman of Norlarco Credit Union in the late 1980s, has been named to Public Service Credit Union's board of directors as the transition to PSCU continues.
Full Story: http://www.coloradoan.com/apps/pbcs.dll/article?AID=/20080206/BUSINESS/802060329
Nation's Largest Surcharge-Free ATM Network Activates Today Centre Daily Times - Feb 6, 2008 Credit Union 24, the only national credit union-owned point-of-sale (POS) network in the U.S., announces that the CU HERE Premium program, with its 45,000 ATMs, activates today, giving credit union members access to the country's largest ATM network.
Full Story: http://www.centredaily.com/business/story/384836.html
Santa Fe Springs Credit Union Robbed At Gunpoint, Police Say NBC 4 Los Angeles - Feb 6, 2008 One of four men who held up the Vons Federal Credit Union in Santa Fe Springs Wednesday is quickly taken into custody, but the others get away after firing shots at a security guard who tries to prevent their escape, police say.
Full Story: http://www.knbc.com/news/15236540/detail.html?rss=la&psp=news
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Kief Protective Mutual Benefit Association Credit Union is headquarted in Bloomfield, Connecticut. NAPFE Federal Credit Union allows all postal or federal employees may make application for membership in this organization. Each member of the Alliance must belong to the local in the postal or federal installation where he or she is employed. Police FCU membership is a privilege earned and shared by those who serve in law enforcement, and also extended to their immediate family members. White House FCU explains that if you are employed by, detailed to or retired from the White House, Executive Office of the President, you can open your account with The White House Federal Credit Union. Metropolitan Baptist Church FCU is headquartered at 1225 R Street NW, Washington, DC 20009. East End Baptist Tabernacle Federal Credit Union is headquarted in Bridgeport, Connecticut. Waterbury Connecticut Teacher FCU serves teachers, administrators and other eligible public and parochial school personnel. Winslow School Employees Federal Credit Union is available to all employees of Winslow Schools. East End Baptist Tabernacle Federal Credit Union is headquarted in Bridgeport, Connecticut. Waterbury Police FCU financially serve the sworn members of the Waterbury Police Department, Wolcott Police Department, Naugatuck Police Department, and the Town of Wolcott Highway Department.
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