This month we cowl our Casting Call interviews, our new Annual Report and our Fill-A-Backpack drive! The Credit Union National Affiliation , generally known as CUNA, is a nationwide trade association for each state- and federally chartered credit score unions located within the United States. At present, credit unions have grow to be extremely widespread; many are nearly nationwide in scope.
Nevertheless, there are some key characteristics of credit score unions that draw many individuals to make the swap. In truth, 217 million people are credit score union members in one hundred and five totally different international locations. This implies the costliest credit union loan in Britain continues to be eight occasions cheaper than a payday mortgage charged at their cap.
As a result of credit score unions are centered on serving their members quite than maximising profits, credit score unions are sometimes in a position to the form of smaller, shorter term loans that many banks simply do not offer – and for which other specialist lenders cost very high rates of interest.
To do any business with a credit score union, it’s essential to be a part of it by opening an account there (often for a nominal …