Noun
a cooperative depository financial institution whose members can obtain loans from their combined savings
Source: WordNetIf your bank took bailout money, take your money out of that bank and put it in a credit union. Credit unions are owned by the people who have their money in the credit union. Michael Moore
Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account. Suze Orman
“Anybody in this space” — whether it’s a credit union or a smaller, locally owned bank — finds it tougher to compete for awareness “and for comfort people have in knowing you’re big enough that your money’s safe,” Sussman said. Source: Internet
And to our supporting sponsors First Tech Federal Credit Union,. Source: Internet
Another big factor in credit union budgets, she says, will be the amount of relief they provide to hard-pressed borrowers through mortgage forbearance or extensions on consumer loans. Source: Internet
Banking Board member Tim Daly echoed this sentiment, adding: “We don’t have clarity” from state lawmakers on how to regulate the sale of a bank to a credit union. Source: Internet