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:
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
KELLITS, Clarendon - One of three armed men accused of robbing the Kellits Co-operative Credit Union of more than $1.2 ... The Jamaica Observer - Feb 04, 2008 The man, who is to face an identification parade, was held along the Chapleton main road while trying to escape from the police in a white Toyota Corolla motor car, in which all three had left after the robbery.
Full Story: http://www.jamaicaobserver.com/news/html/20080204T220000-0500_132182_OBS_____M_ROBBED_FROM_CREDIT_UNION_.asp
E-mail scam targets UCCU members
Provo Daily Herald - Feb 16, 2008 Many Utah County residents have recently been the recipient of suspicious e-mails that are supposedly from a local credit union.
Full Story: http://www.heraldextra.com/content/view/255605/17/
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St. Vincent's Medical Center Federal Credit Union is open to Employees, doctors, medical staff, technicians, and volunteers of St. Vincent's Health Services and affiliated subsidiaries as well as other healthcare providers in the area. Soundview FCU members include all Gillette employees and their families, as well as employees and their families from other member companies in the greater Danbury area. Curtis FCU is headquarted in Bridgeport, Connecticut. Enbic Company Employees CU is headquarted in Simsbury, Connecticut. West Hartford Credit Union is headquarted in Farmington, Connecticut. EM Federal Credit Union is open to anyone who is an employee of Empire Machinery, Empire Southwest and its direct subsidiaries. Washington Postal Employees Federal Credit Union serves postal employees within the District of Columbia and their immediate families. Standard Knapp Employees FCU provides voice and internet based solutions that connect people and information. First Connecticut Credit Union meets the financial needs of many businesses throughout the state of Connecticut. MiddConn Municipal FCU membership is open to employees who live, work, worship or attend school in Cromwell, Durham, East Hampton, Haddam, Middlefield, Middletown, and Portland including all the villages of each town.
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