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Credit unions are a kind of “co-operative” that accepts deposits from members and can also give out loans. These unions are developed by people that share a common interest , such a geographical area where they work and live, and they often offer low-interest solutions for borrowing. Credit unions can also deliver great low-interest bank accounts too. Though these organisations have been around for several years, they have recently grown more popular among borrowers and savers. The features of a credit unio

The people who borrow or save money through a credit union must share a common bond. This means that that credit union individuals may live in the same place, or have the same employer.

Credit unions are non-profit entities. Rather than paying profits to shareholders, money that is made is used to improve services and reward members. Credit unions can be small or large. Some can have only a few dozen members, while others have thousands.

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