Gourt > Business > Financial Services > Banking Services > Credit Unions (71)
A credit union is a not-for-profit co-operative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors elected from the membership itself. Only a member of a credit union may deposit money with the credit union, or borrow money from it.
A credit union differs from a traditional financial institution (banks, savings and loan, etc.) in that the members who have accounts in the credit union are the credit union's owners. A credit union is a co-operative institution, with policies governing interest rates and other matters set to benefit the interests of the membership as a whole. As such, credit unions have historically marketed themselves as providing superior member service and being committed to helping members improve their financial health. Credit unions typically pay higher dividend (interest) rates on shares (deposits) and charge lower interest on loans than banks.*. Credit union revenues (from loans and investments) do, however, need to exceed operating expenses and dividends (interest paid on deposits) in order to maintain capital and solvency. The lowered profitability of credit unions relative to banks is indicative of credit unions' focus on serving members, whereas banks must be concerned with maximizing profits in order to enhance stock performance.
Credit unions offer many of the same financial services as banks, including share accounts (savings accounts), share draft (checking) accounts, credit cards, and share term certificates (certificates of deposit) and home banking.
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Credit unions are the shit
BRandy2116 (B Randy) Fri, 25 Dec 2009 04:33:24 -0000
Credit unions are the shit
New post, "Credit Unions with Largest Portfolios of Home Equity Loans â American Banker (subscription)" - http://bit.ly/4qs3vN
LindaBlog (Linda) Fri, 25 Dec 2009 00:03:58 -0000
New post, "Credit Unions with Largest Portfolios of Home Equity Loans – American Banker (subscription)" - http://bit.ly/4qs3vN
Waiting for 45 min to open a safe deposit box at Wells Fargo. No wonder why I prefer credit unions.
gglockner (Greg Glockner) Thu, 24 Dec 2009 23:09:38 -0000
Waiting for 45 min to open a safe deposit box at Wells Fargo. No wonder why I prefer credit unions.
reason #13532 to hate unions. at the train station you can't buy a ticket with a credit card, so have to pay fee on train or wait inline
davesmith3 (j) Thu, 24 Dec 2009 22:23:48 -0000
reason #13532 to hate unions. at the train station you can't buy a ticket with a credit card, so have to pay fee on train or wait inline
#finance Credit Card Connection | Most Popular Searches - webmastereye.net: RT @CCardConnection: Credit Unions sign... http://bit.ly/7iBYXW
pmbaird (Patrick Baird) Thu, 24 Dec 2009 21:36:36 -0000
#finance Credit Card Connection | Most Popular Searches - webmastereye.net: RT @CCardConnection: Credit Unions sign... http://bit.ly/7iBYXW
@AristonAnderson personally, I'm into credit unions... they can be inconvenient at times but super fair ;)
misskirag (misskirag) Thu, 24 Dec 2009 19:00:26 -0000
@AristonAnderson personally, I'm into credit unions... they can be inconvenient at times but super fair ;)
Credit Union Talk Discussion List - Discussion among senior and mid-level management of credit unions. Participation from the public, private and academic sectors is welcome.
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