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:
PSCU adds local to board The Fort Collins Coloradoan - Feb 6, 2008 Bob Hoel of Windsor, former chairman of Norlarco Credit Union in the late 1980s, has been named to Public Service Credit Union's board of directors as the transition to PSCU continues.
Full Story: http://www.coloradoan.com/apps/pbcs.dll/article?AID=/20080206/BUSINESS/802060329
Gone Phishin': E-mail scammers target Credit Union
University of South Florida Oracle - Feb 8, 2008 E-mail scammers are targeting users of the USF Federal Credit Union, so the Credit Union has issued a warning to prevent "phishers" from luring its customers into divulging personal information.
Full Story: http://media.www.usforacle.com/media/storage/paper880/news/2008/02/08/News/Gone-Phishin.EMail.Scammers.Target.Credit.Union-3198127.shtml
The Gift of Life
Westerly Sun - Feb 8, 2008 Give blood at an upcoming blood drive and help The Rhode Island Blood Center meet its daily demand.
Full Story: http://www.thewesterlysun.com/articles/2008/02/09/front_porch_news/doc470108f5a6e74625295911.txt
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Department of Commerce Federal Credit Union is open to anyone who lives, works, or goes to school in Washington D.C. Plus employees of the Department of Commerce and their families. Manchester Municipal Federal Credit Union membership is only offered to municipal employees and retirees of the Town of Manchester and their extended families. Marisol Federal Credit Union offers its services to any employee, retiree, or volunteer of Maricopa County, Roman and Byzantine Rite Catholics in the Diocese of Phoenix, Tucson, and Van Nuys, Mesa Community Action Network, Inc., and Arizona Odd Fellows and Rebekah organization in the State of Arizona and New Mexico. Hospitality Community Federal Credit Union is headquartered at 1114 H Street NE, Washington, DC 20002. Cochise Credit Union meets the financial needs of people if you live or work in Wilcox, Pearce, Cochise, Bowie, or San Simon. Also employees of Sulphur Springs Valley Electrical Cooperative, Arizona Electric Power Company, and Valley Telecom Group. Victory/Piaterer Mutual Benefit Association Credit Union is headquarted in East Hartford, Connecticut. Greenwich Municipal Employees FCU serves all people who are employed by or retired from the Town of Greenwich. Howard University Employees FCU membership includes employees of Howard University, Howard University Hospital and retirees of HU or HUH. Connex Credit Union offers membership to anyone who lives, works, worships or attends school in New Haven, Middlesex or Hartford Counties. Bridgeport City Employees FCU is headquarted in Bridgeport, Connecticut.
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