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:
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
Man gets 7 years in prison for robbing Rockland financial businesses The Journal News - Feb 6, 2008 NEW YORK - A Staten Island man who robbed a Rockland credit union and other financial businesses was sentenced yesterday to seven years in federal prison.
Full Story: http://lohud.com/apps/pbcs.dll/article?AID=/20080207/NEWS03/802070362
Lowell police cracking down on crime Lowell Sun - Feb 6, 2008 LOWELL -- Robbers hit six banks since November. Three were "just doors down the road" from Mike Kijanka. "Too close for comfort," said Kijanka, a vice president at Jeanne D'Arc Credit Union at 658 Merrimack St.
Full Story: http://www.lowellsun.com/ci_8185186
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Community Credit Union Of New Milford serves the entire New Milford community. Anyone who lives, works, or worships in New Milford or its surrounding communities. Jacl CU members or shareholders of this credit union shall be restricted to those persons who at the time of application are members of the National Japanese American Citizens League (JACL). New Haven Firefighters CU is headquarted in New Haven, Connecticut. Tri-Town Teachers Federal Credit Union is available to all employees of the Westport Board of Education, Weston Board of Education, Wilton Board of Education, Wilton Nursing and Home Care, Town of Westport, Westport Volunteer EMS, and their families. Mohave Community Federal Credit Union serves the Mohave County residents and their families. Tempe Schools Credit Union meets the financial needs of the employees and their families of Tempe Public Schools. Bridgeport Post Office Federal Credit Union is headquarted in Bridgeport, Connecticut. Pepco FCU serves permanent full time employees of the Potomac Electric Power Company or its corporate Affiliates who work in Washington DC, Maryland, or Virginia. Holy Comforter-Saint Cyprians FCU is headquartered at 1357 East Capitol Street SE, Washington, DC 20003. American Mutual CU is headquarted in Bloomfield, Connecticut.
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