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
Names and Faces
Portsmouth Herald - Feb 17, 2008 PORTSMOUTH — Service Credit Union announces new hires and staffing changes at seven locations. The Pease branch welcomes new member service representative Samantha Ellis. In Portsmouth, the corporate offices promoted Debbie Hawes from business...
Full Story: http://www.seacoastonline.com/apps/pbcs.dll/article?AID=/20080217/BIZ/802170329
ESL credit union HQ to leave Irondequoit
MPNnow.com - Feb 8, 2008 The company will retain its 19 branches, including the one in Irondequoit, but will relocate its administrative offices.
Full Story: http://www.mpnnow.com/news/x1992199875
Pages recently updated:
Winslow Santa Fe CU meets the financial needs of employees of the City of Winslow, BNSF Railroad, ADOC, Walmart, Denny's, Winslow Memorial Hospital, BPO Elks #586, and Winslow Convalescent Center. Tombstone Federal Credit Union currently serves residents of Cochise county, and those who work, worship or attend school in Cochise county. HUM Federal Credit Union is headquartered at 25 53RD ST NE, Washington, DC 20019. Connecticut Labor Department Federal Credit Union membership extends to members related by blood, marriage or adoption. If you are a member, your family members can join, too. Greater Watertown Federal Credit Union is available to any persons who live, work, worship, or attend school in the towns of Watertown, Waterbury, Middlebury, Woodbury, Bethlehem, Thomaston, Morris, or Oakville, Connecticut. Tucson Old Pueblo CU offer their services if you live, work, worship or attend school in Oro Valley and South Tucson. PMI Employees FCU is headquartered at 1725 DESALES Street, NW Suite 300, Washington, DC 20036. American Eagle FCU offers financial services to anyone who lives, works, worships, attends school, or works in Hartford County, Middlesex County, or Tolland County, Connecticut. Desert Schools FCU has financial services available to people who live, work, worship, or go to school in Maricopa County, Pinal County, or Gila County. White House FCU explains that if you are employed by, detailed to or retired from the White House, Executive Office of the President, you can open your account with The White House Federal Credit Union.
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