What is a credit union?

by Mark Johnson

Basically, a credit union is a cooperative created to provide financial services to its members. That says it all, but it makes a very short article, so a bit of detail may be in order. A credit union is a cooperati...read more

by J. M. Van Horn

Currently in the United States, credit unions have over 86 million members, which represent roughly 44% of the economically active population. The presence of credit unions is equally as strong in Canada where there are m...read more

by Michael Greaney

A credit union is a cooperative bank, owned by its depositors, and usually charging lower rates of interest on consumer loans. In the United States, the credit union movement resulted from the growth of "loan sharking" or...read more

by Darian Peters

Based on the 19th Century agricultural co-operatives of Europe, credit unions began in 1935, and are based on the idea of the pooling of resources of those with a common purpose. They are financial organizations, offering ...read more

by Royce Radcliffe

When looking for a place to accumulate ones savings there are a plethora of options available. Many people think that the only place you can save your money is a bank but they are wrong. There are many alternate ways to ac...read more

by Caveat

Canadian credit unions were started as a form of co-operative savings and loans offering socially acceptable interest rates to the less wealthy. That resembles the Micro savings and Loan 'Lift Women Out of Poverty' financi...read more

by Dee Harmon

A credit union is a cooperative financial association that is controlled by its members. The difference between a credit union and other financial institutions, such as bank, is that members who hold accounts share ownersh...read more

by Tara Croft

Credit unions are like banks where every customer has a say in the way the company works. Credit unions do not operate to generate a large profit margin, unlike banks. Typically, credit unions offer restricted membershi...read more

by Joyce Priddy

What is a credit union? A credit union simply put is like a bank. Credit unions are established within corporations and organizations. They are protected like the traditional banks. During the Great Depression, credit ...read more

by Carol Noble

The reason Credit Unions arose at all is because the needs of the people were not being met. People were unable to get financial without going to the greedy moneylenders, and the poorest couldn't pay the enormous interest ...read more

by CM Gilbert

In order for one to understand what a credit union is, one must first understand it's history. Credit unions were modeled after the 19th century European agricultural cooperatives. Members combined their resources f...read more

by Crystal Alexander

To help you better understand what a Credit Union is I will relate it to something familiar, such as a bank. The founders of banks are usually required to invest thousands (or millions) of dollars which represents shares/s...read more