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What is a credit union?
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1st Dec 2009 by Daniel Cross, ChFC
Credit Unions are banks that are owned by their members and operate "not-for-profit." This is very much like Mutual Insurance company's are set-up. Credit Union's usually have requirements to join such as job or family member affiliation. Like regular banks, they are protected by the NCUA which acts just like the FDIC and is federally insured.
Credit Unions are banks that are owned by their members and operate "not-for-profit." This is very much like Mutual Insurance company's are set-up. Credit Union's usually have requirements to join such as job or family member affiliation. Like regular banks, they are protected by the NCUA which acts just like the FDIC and is federally insured.
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27th Nov 2009 In Banking
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Subjects: credit union,