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Credit Unions

Credit unions are a type of banking institution that is owned and controlled by its members. Credit unions offer many of the same financial services as traditional banks, such as checking and savings accounts, loans, and credit cards. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to credit unions.

Federally-Insured Credit Unions: Definition, Benefits, and Regulatory Impact Thumbnail

Federally-Insured Credit Unions: Definition, Benefits, and Regulatory Impact

Silas Bamigbola

National Credit Union Association (NCUA) Insured Institutions: Explained, Protected, and Empowered Thumbnail

National Credit Union Association (NCUA) Insured Institutions: Explained, Protected, and Empowered

Silas Bamigbola

National Credit Union Administration (NCUA): Definition, Functions, and Impact Thumbnail

National Credit Union Administration (NCUA): Definition, Functions, and Impact

Dan Agbo

CAMELS Rating System: Decoding the Essentials and Real-world Impact Thumbnail

CAMELS Rating System: Decoding the Essentials and Real-world Impact

SuperMoney Team

Federal Credit Unions (FCUs): Explained, Benefits, and Membership Thumbnail

Federal Credit Unions (FCUs): Explained, Benefits, and Membership

Silas Bamigbola

SECU Credit Union: What It Offers and How to Join Thumbnail

SECU Credit Union: What It Offers and How to Join

Silas Bamigbola

Understanding the Equal Credit Opportunity Act (ECOA) - Ensuring Fair and Discrimination-free Access to Credit Thumbnail

Understanding the Equal Credit Opportunity Act (ECOA) - Ensuring Fair and Discrimination-free Access to Credit

Alessandra Nicole

Building Societies: What They Are, How They Work, and Real-Life Examples Thumbnail

Building Societies: What They Are, How They Work, and Real-Life Examples

Abi Bus

What is a Credit Union Thumbnail

What is a Credit Union

SuperMoney Team

Financial Cooperatives: Definition, Benefits and FAQs Thumbnail

Financial Cooperatives: Definition, Benefits and FAQs

SuperMoney Team

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Learn About Credit Unions

Thumbnail for Blog Article: I Need $5,000 Dollars Now With Bad Credit

I Need $5,000 Dollars Now With Bad Credit

Benjamin Locke

Thumbnail for Blog Article: What´s The Difference Between A Credit Union vs Bank Mortgage

What´s The Difference Between A Credit Union vs Bank Mortgage

Benjamin Locke

Thumbnail for Blog Article: PenFed vs Navy Federal: Which Credit Union Offers the Best Personal Loan?

PenFed vs Navy Federal: Which Credit Union Offers the Best Personal Loan?

Andrew Latham

Thumbnail for Blog Article: PenFed vs Discover: Loan Terms, APRs & Fees Compared

PenFed vs Discover: Loan Terms, APRs & Fees Compared

Andrew Latham

Thumbnail for Blog Article: 15 Best Banks That Don’t Use ChexSystems for Easy Account Approval

15 Best Banks That Don’t Use ChexSystems for Easy Account Approval

Jonathan Defosses

Thumbnail for Blog Article: How to Finance Hunting Land

How to Finance Hunting Land

SuperMoney Team

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About Credit Unions

Credit unions are a type of banking institution that is owned and controlled by its members. Credit unions offer many of the same financial services as traditional banks, such as checking and savings accounts, loans, and credit cards. However, credit unions are often smaller and more community-focused than commercial banks, and they may offer higher interest rates and lower fees to their members. Credit unions are typically not-for-profit organizations, and they are typically organized around a common bond, such as a shared occupation or location.