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:
Snapshot The Holland Sentinel - Feb 6, 2008 Todd Whiteman and Michele Cheney, from left, of United Federal Credit Union, recently presented Barb Pyle of MacMedia with a donation of 25 computers.
Full Story: http://hollandsentinel.com/stories/020608/local_20080206026.shtml
Be on alert for scam email from Martinsville Dupont Credit Union WDBJ 7 Roanoke - Feb 8, 2008 A Henry County resident received a suspicious email Thursday requesting personal banking information from Martinsville Dupont Credit Union. The Henry County Sheriff's Office says the email and website provided are fake, and recipients should not respond to it.
Full Story: http://www.wdbj7.com/Global/story.asp?S=7846898
Credit union holds annual meeting Montgomery Advertiser - Feb 5, 2008 The Montgomery-based Alabama State Employees Credit Union will hold its annual meeting at 2:30 p.m. today in the Gordon Persons Building auditorium.
Full Story: http://www.montgomeryadvertiser.com/apps/pbcs.dll/article%3fAID=/20080205/BUSINESS/802050315
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Faith Tabernacle Baptist FCU is headquarted in Stamford, Connecticut. First Corporate CU provides cost-effective and reliable products and services to credit unions in Arizona. Mount Horeb Baptist Federal Credit Union is headquartered at 2914 Bladensburg Road, N. E., Washington, DC 20018. Marisol Federal Credit Union offers its services to any employee, retiree, or volunteer of Maricopa County, Roman and Byzantine Rite Catholics in the Diocese of Phoenix, Tucson, and Van Nuys, Mesa Community Action Network, Inc., and Arizona Odd Fellows and Rebekah organization in the State of Arizona and New Mexico. Quiet Corner Community Credit Union meets the financial needs of the people who live, work or worship in the town of Putnam, Thompson, Grosvenordale, Pomfret or Woodstock. NAPFE FCU 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. First Edition Community Credit Union serves employees, retirees and family members of the Arizona Republic, an existing sponsor group and other media and communications organizations. Plus individuals who live, work, volunteer, attend school or worship in central and northern Arizona. 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. Transit Employees Federal Credit Union serves full-time and Part-time employees of the Washington Metropolitan Transit Authority and its subsidiaries and affiliates who work in the Washington, DC area, Employees of the Amalgamated Transit Union, and employees of Transit Employees Federal Credit Union. Waterbury Firefighters FCU membership is open to anyone who live, work, worship, or attend school in, and businesses and other legal entities located in the towns of Waterbury, Naugatuck, Cheshire, Watertown, Wolcott, Plymouth, Prospect, Oakville, Thomaston, or Middlebury, Connecticut.
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