ABOUT CREDIT UNIONS
A credit union is a financial institution
where people conduct their financial transactions. It's not a bank.
It is a not-for-profit financial cooperative owned and operated
by its members. The members pool their financial assets to provide
for loans and a variety of other financial services. The essential
difference between credit unions and other financial institutions
is that credit unions are cooperatives that exist to serve their
Credit union services are offered to members at the rates that
are frequently more favorable than at other financial institutions
credit unions are not driven by the profit motive.