Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others.
Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions.