Credit Unions Online News and Articles (United States)
Mortgage Rates Continue to Drop for Week Ending November 19
November 19, 2009
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey, for 30 year fixed rate mortgages average 4.83 percent for the week ending November 19.
Top Safest Cars and SUVs for 2010
November 19, 2009
Nineteen cars and eight SUVs earn the Insurance Institute for Highway Safety's TOP SAFETY PICK award for 2010.
Mortgage Delinquencies Hit Record High in Third Quarter 2009
November 18, 2009
The report pulls data from approximately 27 million anonymous, randomly sampled, individual credit files, representing approximately 10 percent of credit-active U.S. consumers.
NCUA Closed Ensign Federal Credit Union on November 13th
November 16, 2009
The National Credit Union Administration (NCUA) closed Ensign Federal Credit Union of Henderson, Nevada, on November 13, 2009.
Are Gift Cards a Good Idea For The Holidays?
November 16, 2009
When you are working on that gift giving list for the holidays, a gift card might be an option for the relative that is difficult to buy something special for - but are gift cards a good idea?- More News and Articles >>
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.
It's finally official, the home buyer tax credit is extended into 2010 for nearly all home buyers.
Home Ownership Moves the Economy Act of 2009 aims to extend the first time home buyer tax credit.
The FDIC took over 5 banks on Friday, November 6, 2009 bringing the total for the year to 115 banks.
Congress Considering $8,000 Home Buyer Tax Credit Extension
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