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Credit unions are not necessary as you would only really apply for one if you have poor credit rating. Yes they are very reliable as they motivate you to save your money and usually you have to save a certain amount before they can lend you any money. http://www.consumeractiongroup.co.uk/forum/showthread.php?170771-Query-about-Credit-Unions
What else can I help you with?
What types of unions are there?
There are four different types of credit unions. They are global credit unions, national credit unions, local credit unions, and employee credit unions.
How many credit unions in Ireland?
There are over 500 credit unions in Ireland, that are members of the Irish League of Credit Unions.
What types of credit unions are there?
Well, honey, there are federal credit unions, state-chartered credit unions, corporate credit unions, and good ol' community credit unions. Each one has its own quirks and perks, so you just gotta pick the one that suits your fancy. Just remember, they all pretty much do the same thing - help you save and borrow money.
How many credit unions are there in the US?
There were 7,094 credit unions in the US as of 12/31/11.
When was Bureau of Federal Credit Unions created?
Bureau of Federal Credit Unions was created in 1934.
What are some examples of credit unions in America?
There are credit unions all over the United States. This site will give you a lot of information about credit unions and their locations. http://www.creditunion.coop/
Can credit unions facilitate wire transfers?
Yes, credit unions can facilitate wire transfers for their members.
Do credit unions accept certificates of deposits?
Credit unions offer different types of certificates of deposits. Some credit unions have certificate of deposits as rewards or promotions for customers or as an add on product.
What financial institution sometimes call their checking accounts share draft accounts?
credit unions
Which has the best savings accounts banks or credit unions?
Savings accounts opened with credit unions can generally give you better interest rates and lower fees. Credit unions are nonprofit, whereas banks are not.
Do credit unions issue credit cards?
No... Credit unions are a 'savings' facility - where you make contributions to build up a sum of credit, then use that credit to pay for goods or services. They are NOT a credit agency.
Do Credit Unions provide services for Document Management?
Document Management companies do work with Credit Unions on most cases whether it be to check people's credit score or to help out with major jobs. Credit Unions also work with Workflow Solutions.
