Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities.
First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services.