Welcome to Credit Unions Online - the most popular resource worldwide for credit union members and anyone looking for an alternative to banks. Credit Unions Online includes a credit union directory by city or state/province/county, Credit Union News, Credit Union Jobs, and Financial Calculators!
The Best Used Cars To Consider Before Buying New July 02, 2009 Even with all the great deals out there for new cars, considering a used vehicle is still the best option for many peoples' budgets.
June Auto Sales: Ford, Chrysler, and Toyota Down, GM Up July 01, 2009 Auto sales for June were mixed, but mostly down. Ford, Chrysler, and Toyota all posted drops in sales as the weak economy and uncertain employment situations remain on consumers' minds.
Making Home Affordable Refinance Program Expanded July 01, 2009 The expansion of the program includes participation by borrowers who are current but up to 125 percent underwater on their mortgage.
Pending Home Sales Up for 4 Months in a Row July 01, 2009 The economy continues to show mild signs of improvement. Pending home sales are up again for the fourth straight month.
New Consumer Protection Office Proposed by NCUA June 30, 2009 National Credit Union Administration (NCUA) Chairman Michael E. Fryzel announced that he will propose the creation of an NCUA Consumer Protection Office in the 2010 Agency Budget.
The FDIC Closed 5 Banks On Friday June 26, 2009 The FDIC closed Community Bank of West Georgia, Neighborhood Community Bank, Newnan, Georgia, Horizon Bank, Pine City, Minnesota, Mirae Bank, Los Angeles and MetroPacific Bank, Irvine, California on Friday.
Federal Credit Unions Turn 75 Years Old June 26, 2009 The purpose of the law was to make credit available and promote thrift through a national system of non-profit, cooperative credit unions.
The program will include borrowers who are current but up to 125 percent underwater on their mortgage.
About Credit Unions
A credit union is a non-profit, cooperative financial institution owned and operated by its members. Organized to serve and democratically controlled, credit unions provide their members with a safe place to save and borrow money at reasonable rates. Credit unions differ from banks and other for-profit financial institutions in that members of a credit union are also owners. The credit union board of directors are elected in a democratic one person-one vote system regardless of the amount of money invested in the credit union. Not for profit, not for charity, but for service is a credit union motto. Since profit is not a motivation, credit union interest rates have been historically favorable for consumers compared to banks.
Credit Unions offer services similar to banks, including savings accounts, certificates of deposit, checking accounts, home mortgages, auto loans, home equity loans, credit cards, retirement accounts (IRA), online banking and bill pay, and more. Check with your local credit union for their services.
Credit Union Membership: To join a credit union, you must be eligible for membership. Each credit union decides who it will serve. Most credit unions are organized to serve people in a particular community, group or groups of employees, or members of an organization or association. Many communities have credit unions that are community-based credit unions, allowing anyone living or working within the community to become a member of the credit union. If you are a relative of a credit union member, you are also eligible to join.