What does a Credit Union do?

Credit union financial services list checking saving IRA CDsCredit Unions are nonprofits formed by members who have something in common. Unions, religious organizations and local government employee groups are all common examples of groups who form credit unions.

Credit unions are membership organizations whose purpose is to provide financial services, such as loans, checking or savings accounts to its members.

Interest rates can be more advantageous at credit unions, so they are worth taking a comparative look at if you qualify for membership.

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