Credit Union
Categories: Banking, Regulations, Careers, Board of Directors
A not-for-profit financial institution that is owned by the customers who use this institution for their banking.
These state or federally chartered financial institutions provide a lot of the same services as banks: offering mortgages, investments, bank accounts, and more. Member owners often choose credit unions over banks because these institutions may offer better rates and lower fees than for-profit banks. However, to join a credit union, you may have to pass a credit check or meet other requirements.