What is a Credit Union?
You've probably heard of banks, but you might not be as familiar with credit unions. They are not-for-profit organizations owned by members. Credit unions help the community by helping their members save and borrow.
Usually, credit unions offer higher savings rates, which is important to young people just starting their savings accounts. Credit unions typically charge lower or reduced fees compared to banks and are known for providing personal service.
Many members of credit unions like knowing their savings will go back into the community and help other members get mortgages to buy homes and loans for new cars. They help members grow their savings, pay off debt, and plan for the future.
You can join a credit union based on where you and your family live, work, worship, or the associations you or your family belong to. Talk with your family to see which credit unions in your community might be a good fit for you.
You can visit our interactive map to search for credit unions.