About Credit Unions

About Credit Unions

All you need to find out about Credit Unions.

What’s a Credit Union?

The very first credit union in Britain started investing in 1964, and over the past 50 years, credit unions have grown to deliver loans and cost savings to significantly more than 1.2 million individuals across England, Scotland and Wales.

Credit unions have an established background around the world. In reality, 217 million folks are credit union users in 105 countries that are different.

A credit union is really a economic co-operative which provides cost cost savings, loans and a selection of solutions to its people. It’s controlled and owned by the people.

Each user has one volunteer and vote directors are elected through the account, by the account.

Credit unions are owned by the social individuals who utilize their solutions, and never by outside investors or investors. Therefore the focus is obviously on supplying the most readily useful service to people – maybe maybe maybe not maximising earnings.

Account of a credit union is dependant on a bond that is common. Continuer la lecture de « About Credit Unions »