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:
Security Services Provider SecureWorks Partners with Corporate America Credit Union to Deliver Security Services to ... PR Newswire - Feb 5, 2008 SecureWorks®, one of the market's leading Security-as-a-Service providers, has partnered with Corporate America Credit Union who will resell SecureWorks' security and professional services to its member credit unions.
Full Story: http://biz.yahoo.com/prnews/080205/cltu100.html%3f.v=57
Lynn credit union helping reduce homeless numbers The Daily Item - Feb 5, 2008 LYNN - Brotherhood Credit Union is partnering with the Massachusetts Coalition for the Homeless to help 29 local households pay for heating costs during February.
Full Story: http://www.itemlive.com/articles/2008/02/05/news/news07.txt
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
Pages recently updated:
Pepco Federal Credit Union serves permanent full time employees of the Potomac Electric Power Company or its corporate Affiliates who work in Washington DC, Maryland, or Virginia. Southwest Health Care Credit Union is headquartered in Phoenix, Arizona. East End Baptist Tabernacle Federal Credit Union is headquarted in Bridgeport, Connecticut. Hughes Federal Credit Union offers sevices if you are an employee or have a family member that is an employee at one of the many established Select Employee Groups. Bridgeport Fire Department Employees Federal Credit Union faithfully serves the financial needs of the city of Bridgeport Fire Department employees and their families. 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. Asbury Federal Credit Union is headquartered at 926 K Street N.W., Washington, DC 20001. Mutual Security Credit Union membership is open to anyone who lives, works, worships or attends school in Fairfield, Litchfield or New Haven County, Connecticut. 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. West Haven VA Employees FCU is headquarted in West Haven, Connecticut.
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