credit union cooperatives

Credit union cooperatives are member-owned financial institutions that provide banking services, such as savings accounts and loans. Unlike traditional banks, credit unions prioritize their members' interests, often offering lower fees and better interest rates. Members pool their money to create a fund, which is then used to lend to fellow members. Each member has an equal say in how the credit union operates, regardless of their account balance. This cooperative model fosters a sense of community and mutual support, making credit unions a popular choice for those seeking a more personalized banking experience.