What is a Credit Union?
Credit unions are nonprofit financial institutions that offer many of the same products as banks, often with better rates and lower fees. Credit unions are owned by their members, or account holders, and are run by a volunteer board of directors, not shareholders looking to make a profit. It used to be much more difficult to join a credit union, but today there is pretty much a credit union for everyone. Membership eligibility is based on a number of factors that can include where you live or go to school, where you work, what college you attended and much more. Use our Credit Union Search tool to see a list of credit unions in your area.