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:
U.S. Central Federal Credit Union of Lenexa takes $760 million markdown The Kansas City Star - Feb 5, 2008 The subprime mortgage meltdown has seeped into yet another corner of the financial world. U.S. Central Federal Credit Union of Lenexa, which invests funds on behalf of the nation's regional credit unions, said it took a $760 million markdown on the $40 billion in investment securities it holds for sale.
Full Story: http://www.kansascity.com/business/companies/story/477132.html
Business calendar
The Columbian - Feb 17, 2008 Business Success Seminar: For people interested in starting a new business or expanding an existing business. From 8 a.m.-4 p.m. at iQ Credit Union, 305 N.E. 81st St., Vancouver. $99. Advance registration is requested; walk-ins welcome. Call 360-573-9001 or visit www.scorevancouver.org.
Full Story: http://www.columbian.com/business/businessNews/2008/02/02172008_Business-calendar.cfm
Police: Couple Captured After Bank Heist
WGAL 8 Susquehanna Valley - Feb 8, 2008 LOWER PAXTON TOWNSHIP, Pa. -- A York couple was arrested shortly after police said they robbed a bank in Dauphin County on Wednesday. State police said Davon Roberts and Latrish Gary held up the Members First Credit Union on Hershey Road around noon.
Full Story: http://www.wgal.com/news/15242598/detail.html?rss=lan&psp=news
Pages recently updated:
Truwest CU (12) has services for anyone who lives or works, or any business located in Maricopa County, Arizona. Tucson Healthcare Affiliates FCU serves the financial needs of healthcare related entities in Tucson and Southern Arizona. Consolidated Controls Corporation FCU is headquarted in Bethel, Connecticut. Gethsemane Baptist Church FCU is headquartered at 5119 4th Street NW, Washington, DC 20011. Mohave Community FCU serves the Mohave County residents and their families. United Business & Industry Federal Credit Union is open to individuals who live, work and worship or attend school in Hartford County, Connecticut, including all businesses. DVA Federal Credit Union is open to all Department of Veterans Affairs (VA) Central Office employees and their subsidiaries. FDIC FCU provides financial services to employees and retirees of the Federal Deposit Insurance Corporation (FDIC), Employees of the FDIC FCU, and contract employees who work regularly at an FDIC building in Washington, DC or Virginia. Norwalk Postal Employees FCU is headquarted in Naugatuck, Connecticut. Bridgeport Hospital Federal Credit Union serves all employees of Bridgeport Hospital as well as several other companies in the health care network.
|