Definition

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What is a Credit Union?

A credit union is a financial institution, organized by a group of people to save money and make loans to each other at favourable rates of interest.  Credit union members usually have something in common such as their place of work, area of residence, professional organization or social group.  A credit union operates on the basis of mutual self-help, hence credit unions typically serve only their members.

Benefits of Credit Union Membership

As a credit union member,