A credit union is one of the financial cooperative that is own and controlled by the members. The aim of this is to boost the people by giving them credit at a certain cooperative rate and well as some of the financial services. There are different kinds of financial institutions that vary in terms of the assets and the people that operate the institutions. Some of the credit unions work in cooperation with the banks with an objective of building society.
Credit Unions Role in Community
Credit unions playing the role that is completely different from that of the banks or any other financial institutions. The way they operate is they elect their own members of the board during the board meetings. They view themselves and their services to be different from those of the bank in the sense that the mission is community oriented and they serve people without … Read more