What is a Credit Union?
Table of Contents Introduction A credit union is an owned and operated kind of financial institution by the members. Unlike traditional banks, credit unions are not-for-profit cooperatives, meaning first priority goes to the benefit of its members rather than the generation of a profit. Credit unions usually offer savings accounts, loans, credit cards, and even mortgages at reduced fees and with better interest rates in contrast to most banks. Let’s dive in a little deeper about credit unions, the benefits that await members, and why maybe a credit […]
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