Credit Union Basics
A credit union is a nonprofit, cooperative financial institution owned and operated by its members. Not for profit, not for charity, but for service is a credit union motto.
|
Is a Credit Union Right for Me?
Credit unions are either chartered by the federal or state government.
Credit unions provide their members with a safe and sound institution to save and borrow at reasonable and affordable rates. Credit unions exist to serve their member-owners and are often able to offer favorable rates on savings and loans. Read more.
|
|
|
|
|
|
Is My Money Safe?
Federal credit unions are chartered, regulated and insured by the National Credit Union Administration (NCUA), an agency of the federal government. Through NCUA’s National Credit Union Share Insurance Fund (NCUSIF), the funds of all federal and most state-chartered credit union members are insured up to $100,000 on regular accounts and $250,000 for retirement accounts. Read more.
|
|
|
|
|
Read Frequently Asked
Questions About Saving &
Investing
|
|
