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Becoming A Credit Union Member

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Becoming a member of a credit union is easier than you may think because they are not set up as a bank, but are non-profit instead. Qualifications easily include whether you live, work or attend functions located in the same town where the credit union or one of its branches exists. You can start the process of becoming a Credit Union member by applying online, and then visit the location in person for final verification purposes. Benefits of a Credit Union Membership Unlike conventional banking systems, credit unions are non-profit and focus on community and member needs. They offer higher interest rates on savings accounts and lower interest rates on loans and mortgages. Although their organizational structure is tax-exempt, they still

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