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:
Suspect in 3 bank robberies arrested
Atlanta Journal-Constitution - Feb 8, 2008 Forsyth County authorities said late Friday they have arrested a man wanted for three recent bank robberies. Sheriff Ted Paxton said 26-year-old David Ryan Stone was arrested late Thursday night at an extended stay motel in nearby Dawsonville. Stone is being held without bond in the recent hold-ups of two Crescent Banks and a branch of Georgia Federal Credit Union, all in Forsyth County.
Full Story: http://www.ajc.com/services/content/metro/northfulton/stories/2008/02/08/robbery_0209.html?cxtype=rss&cxsvc=7&cxcat=13
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
Cheney students join the Moola Moola Club Credit union opens a branch inside elementary school The Ann Arbor News - Feb 6, 2008 Robert Mallory, a 5-year-old Cheney Academy Head Start student, played a big role in the opening of T&C Federal Credit Union's newest branch.
Full Story: http://www.mlive.com/news/annarbornews/index.ssf?/base/news-26/120231243943770.xml&coll=2
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Fannie Mae Federal Credit Union membership is open to all Fannie Mae employees, their immediate family including domestic partners, and Fannie Mae retirees. Meriden Federal Credit Union is headquarted in Meriden, Connecticut. Waterbury Firefighters Federal Credit Union 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. New Haven Police Federal Credit Union is headquarted in New Haven, Connecticut. Connecticut Postal Federal Credit Union is headquarted in New Britian, Connecticut. HUM Federal Credit Union is headquartered at 25 53RD ST NE, Washington, DC 20019. Science Park Federal Credit Union serves the financial needs of AFL-CIO, Arch Chemicals, Plumbers and Pipefitters Local 349, Clifford Beers Guidance Clinic, Fusco Corporation, Electrical Workers Local 90, Kerite Company, Magellan, Olin Corporation, and Science Park companies to name a few. Howard University Employees FCU membership includes employees of Howard University, Howard University Hospital and retirees of HU or HUH. Department of the Interior Federal Credit Union serves all Employees and Volunteers of the United States Department of the Interior; Including these bureaus: National Park Service, Bureau of Reclamation, U.S. Geological Survey, Minerals Management Service, Bureau of Land Management, Office of Surface Mining and U.S. Fish and Wildlife Service. Waterbury Firefighters Federal Credit Union 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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