Credit Union

A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.

Many credit unions also provide services intended to support community development or sustainable international development on a local level, and could be considered community development financial institutions.

Worldwide, credit union systems vary significantly in terms of total system assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with several billion dollars in assets and hundreds of thousands of members.

Read more about Credit UnionDifferences From Other Financial Institutions, Field of Membership, Not-for-profit Status, Global Presence, Corporate Credit Unions, Leagues and Associations, History

Other articles related to "credit union, credit unions":

Steinbach Credit Union
... Steinbach Credit Union (SCU) is a Canadian co-operative financial institution and formerly the country's largest single branch credit union ... Founded in 1941, it is now the largest credit union, by total assets, in the province of Manitoba and the seventh largest in the country ...
Sarasota Coastal Credit Union - Organization
... Like all credit unions, Sarasota Coastal Credit Union (now Achieva Credit Union), is governed by a volunteer Board of Directors, elected by and from its membership ... The credit union is a member of the Florida Credit Union League, through which it is associated with the Credit Union National Association ...
Texas Credit Union League - Current Activity - Credit Union Resources, Inc.
... As an affiliate with TCUL, Credit Union Resources, Inc ... (CURI) assists in the betterment of the credit union movement by providing goods and services that effectively raise membership numbers ... providers and additional membership services are available for credit unions to benefit from ...
Credit Union - History
... Modern credit union history dates to 1852, when Franz Hermann Schulze-Delitzsch consolidated the learning from two pilot projects, one in Eilenburg and the other in Delitzsch in Germany into what ... He went on to develop a highly successful urban credit union system ... In 1864, Friedrich Wilhelm Raiffeisen founded the first rural credit union in Heddesdorf (now part of Neuwied) in Germany ...
South Carolina Federal Credit Union - Organization
... South Carolina Federal is a community-chartered credit union ... (See “Membership” below.) Credit unions are owned and governed by the people who use its services ... Members elect and serve as the credit union’s volunteer board of directors, which establishes and reviews policies, based on what is best for the collective membership ...

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