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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!

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Latest Headlines

Popular Articles

Tax Incentives to Buy a New Car

Tax Incentives to Buy a New Car - June 10, 2009Along with a great price on that new car, there are tax incentives to purchase a new vehicle.

The FDIC Closed 5 Banks On Friday

The FDIC Closed 5 Banks On Friday - June 26, 2009The FDIC closed 5 banks on Friday. 2 in California, 2 in Georgia, and 1 in Minnesota.

30 Year Fixed Mortgage Rates On The Rise

30 Year Fixed Mortgage Rates On The Rise - June 25, 2009Mortgage rates rise for 30 year fixed loans, but decrease for 15 year fixed loans.

First-Time Home Buyers Can Use Tax Credit Immediately

First-Time Home Buyers Can Use $8,000 Tax Credit Immediately - May 29, 2009First-time Home Buyers Can Use $8,000 Tax Credit Immediately, but there is a catch.

Making Home Affordable Program Expanded

Making Home Affordable Refinance Program Expanded - July 01, 2009The 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.

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