What Is a Credit Union? A credit union is a nonprofit, member-owned cooperative that provides financial services to its members.
Credit unions focus on saving and borrowing, but they may offer other common banking services.
Credit union membership is based on a certain field. These membership fields can be occupational, associational or geographical.
If you qualify, your first deposit also counts as your first purchased share. This makes you a member and partial owner of the credit union.
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