Credit unions are not-for-profit financial cooperatives 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 interest rates. The first credit union in the United States was formed in Manchester, New Hampshire, in 1909. Today, there are over 5,000 credit unions with 100 million+ members in the United States providing member services from more than 21,000 branch locations as of December 2022. The largest 100 credit unions in the United States
, combined, have over $850 billion in assets.
Credit Union members typically save more money through lower fees, lower loan rates, and higher savings rates compared to banks. To join a credit union, you must be eligible for membership. Many credit unions are community based allowing any resident to join. Find and become a member of a nearby credit union
and experience the credit union difference. View thousands of credit union reviews on Credit Unions Online from real members throughout the United States.