Credit Union

What Does Credit Union Mean?
Member-owned financial co-operative. These institutions are created and operated by its members and profits are shared amongst the owners.

Investopedia explains Credit Union
As soon as you deposit funds into a credit union account, you become a partial owner and participate in the union's profitability. Credit unions are formed by large corporations and organizations for their employees and members.

Related Terms

Demutualization
Federal Credit Union - FCU
Financial Cooperative
Merchant Bank
Mutualization
National Credit Union Administration - NCUA
Private Banking
Retail Bank
Retail Lender
Share Draft
More Related Terms

Related Links

Tired Of Banks? Try A Credit Union - These nonprofit organizations can provide a range of services for lower fees.
Demystification Of Bank Accounts - Find out which type of account suits your specific needs.
Compare Local Interest Rates - Search and compare the best checking and savings rates nationwide from Bankrate.com. Click Here!
Choose To Beat The Bank - From internet banking to credit unions, it's in your power to cut fees and maximize service.
Different Needs, Different Loans - Find out what options are available when it comes to borrowing money.
The Best Way To Borrow - There are many avenues from which to drum up funding. Find out the pros and cons of each.
College Loans: Private Vs. Federal - Not all student loans are the same. Know what you're getting into before signing on the dotted line.
Personal Loans: To Lend Or Not To Lend? - Attempting to help a loved one with a cash loan can put a strain on your relationship - and your bank account.

Rate this Term: Your Rating: Overall Rating: Vote Now!