What is a credit union and are all credit unions associated with one another?

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What is a credit union and are all credit unions associated with one another?

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9 Answers

Anonymous 0 Comments

The answers provided are correct, but are missing the societal context of credit unions.

Credit unions are considered to be warming, friendlier institutions that are more genuinely focussed on their customers (who are also owners) than banks. They’re also smaller than banks, which has its benefits (more personal service) and drawbacks (fewer business banking services, in my experience).

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