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:
Fairwinds Credit Union, based in Orlando, to add 8 branch units in $25M expansion
Orlando Sentinel - Feb 8, 2008 The credit union, which opened 7 branches in Central Florida last year, wants to open 8 more. Orlando -based Fairwinds Credit Union rolled out a $25 million expansion plan Thursday that is expected to add eight branches across Central Florida this year and extend the financial institution's footprint by more than 20 percent.
Full Story: http://www.orlandosentinel.com/business/orl-fairwinds0808feb08,0,6795099.story?track=rss
SecureWorks partners with CACU to deliver security services to credit unions
Computer Technology Review - Feb 8, 2008 Feb 8 -- SecureWorks Inc., a Security-as-a-Service provider, has partnered with Corporate America Credit Union (CACU) who will resell SecureWorks' security and professional services to its member credit unions.
Full Story: http://www.wwpi.com/index.php?option=com_content&task=view&id=3581&Itemid=128
In Brief The Express-Times - Feb 2, 2008 PHILLIPSBURG | The Phillipsburg Free Library will host a free workshop on building personal and household budgets. Titled "Building a Basic Budget: The Five-Step Spending Plan," the event will be presented by Thomas Mosser of IRCO Federal Credit Union at 7 p.m. Thursday, March 13.
Full Story: http://www.pennlive.com/business/expresstimes/index.ssf?/base/business-1/120080552689060.xml&coll=2
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Sargent and Company Employees FCU is headquarted in New Haven, Connecticut. Hamilton Sundstrand FCU strives to meet the financial needs of their employees and families. Arizona State CU (28) works with individuals and companies in 7 counties in Arizona including faculty, staff, students and alumni of Arizona State University, Coconino Community College. Northern Arizona University, and University of Arizona. Hartford FCU has a membership available to anyone who lives, works, worships, or attends school in any of the 29 towns in Hartford County as well as their immediate family members. Connecticut Transit Federal Credit Union serves the financial needs of Connecticut Transit employees and their families of the Hartford division. Greater Hartford Police Federal Credit Union membership is extended to employees of federal, state, county and municipal agencies or departments engaged in the police protection industry who work in Hartford County, Connecticut. Connecticut Postal Federal Credit Union is headquarted in New Britian, Connecticut. Constitution Corporate FCU serves the financial needs of its members throught the state of Connecticut. Bridgeport Post Office Federal Credit Union is headquarted in Bridgeport, Connecticut. Yavapai Federal Credit Union serves all individuals who live, work, worship, or attend school in, and businesses and other legal entities in Yavapai County, Arizona.
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