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credit union

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Credit Union
Member-owned financial co-operative. These institutions are created and operated by its members and profits are shared amongst the owners.

Notes:
As soon as you deposit funds into a credit union account, you become a partial owner and participate in the union's profitability. Credit unions are formed by large corporations and organizations for their employees and members.

Credit union
A not-for-profit institution that is operated as a cooperative and offers financial services such as low-interest loans to its members.
credit union
A nonprofit cooperative financial institution that provides credit to its members. Credit unions often pay slightly higher rates of interest on passbook-type savings accounts and charge lower rates on consumer loans.


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Chatsworth-based Telesis Community Credit Union saw the largest percentage increase in assets, up 15 percent compared to last year.
L.A. county-based credit unions: ranked by assets as of June 30, 2006 by Nusbaum, David / Los Angeles Business Journal
The legal brawl over who can join credit unions grew more heated Wednesday, with a federal judge suggesting he might be dealing with a ``rogue federal agency'' and ordering it to rescind 31 recent credit union expansions.
JUDGE DASHES HOPES OF CREDIT UNIONS by Daily News (Los Angeles, CA)
Offering savings accounts, loans and other financial services to individuals, churches and businesses in the neighborhood--the grass-roots credit union is putting Central Brooklyn back on the financial map.
Credit unions get their due: as more banks turn their backs on ... by Brown, Carolyn M. / Black Enterprise
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