What is a credit union?

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A credit union is a not-for-profit cooperative financial institution that provides financial services for its members. Credit Unions are owned by their members and their main purpose is to serve the financial needs of their membership. Because of this mission, credit unions are on the forefront of providing thrift and high-value financial products and customer service to their members. More than 90 million Americans belong to a credit union, and it’s estimated that another 40 million qualify for credit union membership according to “field of membership” rules. There are more than 7,000 credit unions across the country.



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