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:
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
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
Quarter Horse show starts at arena
The San Angelo Standard-Times - Feb 8, 2008 The skill, balance, flexibility, grace and control of both horse and rider will be on display beginning today and continuing through the weekend during the American Quarter Horse Association Show at the 1st Community Credit Union Spur Arena.
Full Story: http://gosanangelo.com/news/2008/feb/08/quarter-horse-show-starts-at-arena/?partner=yahoo
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Pitney Bowes Employees Federal Credit Union is dedicated to providing financial instruments to meet the needs of their employees and their families. 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. Hartford Municipal Employees Federal Credit Union serves the City of Hartford, Hartford Housing Authority, Community Renewal Team, and Madison Square Garden employees and their families. Trumbull Credit Union is headquarted in Trumbull, Connecticut. Pitney Bowes Employees Federal Credit Union is dedicated to providing financial instruments to meet the needs of their employees and their families. AFL CIO Employees FCU provides services to employees of the AFL-CIO, affiliates of AFL-CIO International Union, constitutional departments of the AFL-CIO, state and local central labor bodies. Connecticut Transit FCU serves the financial needs of Connecticut Transit employees and their families of the Hartford division. New London Municipal Employees CU is headquarted in New London, Connecticut. 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. FRB Federal Credit Union serves current and retired employees of the Federal Reserve Board; employees of the Federal Reserve Banks permanently stationed in Washington, D.C.; the Board of Governors of the Federal Reserve System; and employees of the credit union.
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