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:
Boeing Wichita Credit Union expanding to Junction City BizJournals - Feb 3, 2008 Boeing Wichita Credit Union plans to enter the Junction City market by the end of 2008, joining several Wichita businesses seeking opportunities in the growing military town.
Full Story: http://www.bizjournals.com/wichita/stories/2008/02/04/story3.html%3fana=from_rss
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
Credit union to serve Hispanic workers
New Orleans Times-Picayune - Feb 17, 2008 The recently refurbished Mid-City strip shopping center that is home to Rock 'n' Bowl is about to get another unique tenant: an "all Latino" credit union office where every employee speaks Spanish and English and all documents are printed in both languages.
Full Story: http://www.nola.com/news/t-p/metro/index.ssf?/base/news-27/1203315686106280.xml&coll=1
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Hartford Municipal Employees Federal Credit Union serves the City of Hartford, Hartford Housing Authority, Community Renewal Team, and Madison Square Garden employees and their families. Tacomis Federal Credit Union is headquartered at 500 E Street, SW, Washington, DC 20436. American Mutual Credit Union is headquarted in Bloomfield, Connecticut. Bristol Municipal Employees FCU is headquarted in Bridgeport, 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. Gethsemane Baptist Church Federal Credit Union is headquartered at 5119 4th Street NW, Washington, DC 20011. Regional Water Authority Employees Credit Union is headquarted in New Haven, Connecticut. Fairfield Municipal FCU is headquarted in Fairfield, Connecticut. Stamford Federal Credit Union membership is made up of employees of the City of Stamford and their immediate family members. Washington Postal Employees Federal Credit Union serves postal employees within the District of Columbia and their immediate families.
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