Local Credit Unions

Local credit unions are not-for-profit financial cooperatives that serve a specific community, such as employees of a company or residents of a particular area. Unlike traditional banks, they are owned by their members, who have a say in decision-making. Credit unions offer services like savings accounts, loans, and credit cards, often at lower fees and better interest rates than banks. Their goal is to benefit members rather than generate profit, fostering a sense of community and financial well-being. Membership typically requires meeting certain criteria, but everyone can benefit from their services.