American Credit Union Movement

The American Credit Union Movement is a financial cooperative system where members pool their money to offer each other affordable banking services, such as savings accounts, loans, and checking accounts. Unlike banks driven by profit, credit unions are non-profit organizations owned by their members, emphasizing community focus and member benefits. They often provide better interest rates and lower fees. The movement began in the early 20th century to serve workers and underserved populations, promoting financial inclusion and stability. Overall, it’s a collaborative approach to banking that prioritizes members’ financial well-being over profit.