Find Other Alternative For Your Financial Needs By Credit Union
April 8, 2009
Every body knows about credit union,it is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.Credit unions differ from banks and other financial institutions in that the members who have accounts in the credit union are the owners of the credit union and they elect their board of directors in a democratic one-person-one-vote system regardless of the amount of money invested in the credit union.A credit union’s policies governing interest rates and other matters are set by a volunteer Board of Directors elected by and from the membership itself. Read more