What is a Credit Union?

Credit unions are financial cooperatives, owned by people like you who use their services.

Credit unions help working families meet their financial needs and goals.  We want to make your lives better.

What is a credit union?

Credit unions are not-for-profit financial cooperatives. They offer the financial products and services you need — including savings and checking accounts, loans, ATMs and online banking— but also offer BIG differences from profit-focused banks that can save you money. Because credit unions are owned and controlled by their members, they focus on you and your success, instead of charging you to make money for a few profit-driven shareholders. That means the average credit union can offer better rates and lower fees.

Who can join a credit union?

Membership eligibility varies from credit union to credit union.  It can be based on your employer, school, where you worship or even where you live.  While not every person can join every credit union, most people qualify for membership at a credit union.

How do I find a credit union for me?

Visit www.asmarterchoice.org to find a credit union. Look for a credit union that is a member of the Co-op Network of surcharge free ATMs and shared branching centers.


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