WHAT IS A CREDIT UNION?

A credit union is a financial institution. Similar to other financial institutions, a credit union can offer a wide range of products and services such as savings (regular shares), checking, certificates of deposits (share term certificates), loan products, and much more. Other than the name of the products, there is not much of a difference between products by a credit union and a bank. So, what makes a credit union different from other financial institutions?

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