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A credit union is really a economic co-operative which provides cost cost savings, loans and a variety of solutions to its users. It really is controlled and owned because of the users.

Each user has one volunteer and vote directors are elected through the account, by the account.

Credit unions are owned by the social individuals who utilize their solutions, rather than by outside investors or investors. So that the focus is often on supplying the service that is best to people – maybe not maximising earnings.

Account of the credit union is dependant on a bond that is common.