A USA FEDERAL CREDIT UNION What you need to know?

CREDIT UNIONS VS BANKS A Credit Union is a Non Profit organization that is mainly controlled by it's members and offers competitive lower interest rates for their services. Credit unions are dated back to the year 1852. The first credit union was started by Friedrich Wilhelm Raiffeisen in 1864. According to Britannica.com, a bank is: an institution that deals in money and its substitutes and provides other financial services. Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively.

TYPES OF FEDERAL CREDIT UNIONS  Employer Credit Unions Local Credit Unions Group Credit Unions Federal Credit Unions

For more information on a USA Federal Credit Union stay tune for the next posting.You can also visit https://www.navyfederal.org/ .