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:
Seattle-based Watermark Credit Union Launches Payday Freedom to Break the Payday Loan Cycle PRWeb - Feb 5, 2008 Seattle-based Watermark Credit Union is excited to announce the launch of its Payday Freedom product, designed to help its members break the payday loan cycle.
Full Story: http://www.bizjournals.com/twincities/stories/2008/02/04/daily21.html%3fana=from_rss
More places to eat downtown?
WROC Rochester - Feb 8, 2008 Businesses in downtown Rochester are cheering on plans for the new multi-million dollar headquarters of the ESL Federal Credit Union. The proposed location is at Chestnut Street and Woodbury Boulevard.
Full Story: http://rochesterhomepage.net/content/fulltext/?cid=14452
Credit union Wings strikes deal with black pilots BizJournals - Feb 5, 2008 Wings Financial Federal Credit Union is now the official credit union for the Organization of Black Airline Pilots (OBAP), Wings announced Tuesday.
Full Story: http://www.bizjournals.com/twincities/stories/2008/02/04/daily21.html%3fana=from_rss
Pages recently updated:
New Britain Municipal Employees Credit Union is headquarted in New Britain, Connecticut. Sargent and Company Employees FCU is headquarted in New Haven, Connecticut. Hartford Firefighters Federal Credit Union is meeting the financial needs of any active, retired or former full-time employee of the Hartford Fire Department or the Credit Union. Associate Federal Credit Union serves all employees of Konica Minolta Business Solutions (and their subsidiaries) and their families are eligible for membership in Associates Federal Credit Union. East Hartford FCU serves the employees of the town of East Hartford, East Hartford Youth Services, East Hartford Housing Authority, East Hartford Visiting Nurses Association and some of the branches of the U.S. Department of Defense. Hartford Courant Employees Credit Union was established to meet the needs of its employees in the Hartford area. GSA FCU was founded to serve the employees of the General Services Administration and Equal Employment Opportunity Commission, National Archives, U.S. Institute for Peace, and other businesses within Washington D.C. Valley Catholic FCU membership is open to members of St. Bernard's Parish in Tariffville, St. Catherine of Siena's Parish in West Simsbury, St. Mary's Parish in Simsbury, St. Therese's Parish in Granby, and The Knights of Columbus. Yale-New Haven Healthcare FCU serves the employees of healthcare facilities that are affiliated with Yale New Haven Hospital, or an employee of Health Services Corporation. Ukrainian SelfReliance New England Federal Credit Union serves the Ukrainian community in New Britain and Wethersfield, Connecticut.
|