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:
Pay-out for credit union customers Channel 4 - Feb 6, 2008 Thousands of people who lost their savings when two credit unions collapsed will receive compensation, it has been announced.
Full Story: http://www.channel4.com/news/articles/business_money/payout+for+credit+union+customers/1497547
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
Coulee Dam Credit Union warns customers about phone, online scam artists The Chronicle - Feb 6, 2008 Coulee Dam Credit Union is warning local citizens of schemes used by identity thieves. The latest local scam has come in the form of "vishing." Vishing is the term for "voice fishing," a phenomenon on the rise due to the proliferation of voice over Internet protocol (voip) phones.
Full Story: http://www.omakchronicle.com/nws/n080206a.shtml
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Truwest Credit Union (12) has services for anyone who lives or works, or any business located in Maricopa County, Arizona. Pepco FCU serves permanent full time employees of the Potomac Electric Power Company or its corporate Affiliates who work in Washington DC, Maryland, or Virginia. Workers FCU serves the financial needs of anyone who lives or works in the towns of Stafford, Ellington, Somers, Tolland, Ashford, Willington or Union. Desert Medical FCU offers their financial services to doctors, staff, and families of Scottsdale Healthcare or Mayo Hospital or Clinic. CNG Employees FCU serves the employees of Connecticut Natural Gas Corp., Northeast Energy Partners, Purtill, Purtill, Pfeffer & Jacoby, PhotoPros Studio, Gone Quilting, Carmela's Pizzeria, Corporate Translations, and Craig L. Lubitski Consulting. Arizona Central Credit Union (5) serves the employees, board members, and volunteers of other credit unions doing business in the State of Arizona, Arizona residents age 55 or older, Arizona residents who currently hold, or have held, membership in an out-of-state credit union, members of the Roman Catholic Church living within 25 miles of St. Mary's Basilica in Phoenix, AZ, members of the Baptist religion, members of the Church of Jesus Christ of Latter Day Saints (LDS)/Mormon religion, or individuals working for or who belong to one of more than 1,800 Credit Union Partners. United Business & Industry FCU is open to individuals who live, work and worship or attend school in Hartford County, Connecticut, including all businesses. Paramount Baptist Church FCU is headquartered at 3924 4th Street, S.E., Washington, DC 20032. Curtis Federal Credit Union is headquarted in Bridgeport, Connecticut. U-Haul Federal Credit Union services are open to all full-time and part-time Amerco employees, their immediate family members, and dealers are eligible to join.
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