What is credit union?

  • (noun): A cooperative depository financial institution whose members can obtain loans from their combined savings.

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.

Read more about Credit Union.

Some articles on credit union:

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 ... 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 ... Research, resource providers and additional membership services are available for credit unions to benefit from ...
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 ...
South Carolina Federal Credit Union - Organization
... 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 ...
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 are generally ... 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 ...

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