Nearby Credit Unions
Nearby Credit Unions is designed help you find the best Credit union match for you.
Credit Unions often offer better rates while also not wishing to work with the bigger banks. Credit unions are typically more flexible, offer lower rates, and are more willing to work with people who may not have the best credit scores.
Credit union account holders and members are the bank's owners. You can learn more about this in our article: Member Control. The bank's elections are actually 1 to 1 votes. So you can have a pretty large say in matters and board elections even if you only have a dollar in the bank. They tend to, overall, have much higher customer satisfaction in surveys.
While not a charity, credit unions are not-for-profit. Which means they are not motivated to turn a profit, but of course need to make enough money to stay afloat.
There are around 85,000 credit unions across the world with over 150,000,000 members worldwide. The first North American credit union was founded in Quebec, which should not be too surprising given their popularity in France. The first American credit union was founded in 1908, by an immigrant from Quebec.
In the USA, credit unions are overseen by the NCUA (National Credit Union Administration), headquartered in Alexandria, Virginia, and provides similar insurance as the FDIC.
Additional Facts
- Credit unions engaged in 1/5th as much subprime lending as the commercial banks who played, if not caused, the housing crash and recession of 2007/2008.
- Credit unions have twice as much trust from the American public as commercial banks.
- Samuel Jurkovic was the founder of the first credit union in central Europe.